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TNA

Direxion Daily Small Cap Bull 3x Shares
ETF.com segment:
Leveraged Equity: U.S. - Small Cap
Competing ETFs: UWM, URTY, SMLL, SAA, PPSC
Related ETF Channels: U.S., Equity, Leveraged, Small Cap, Size and Style, Broad-based, Vanilla, North America, Russell 2000 Index
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*Unless otherwise stated, data provided by FactSet.

TNA Fund Description

TNA provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies.

TNA Factset Analytics Insight

As a levered product, TNA is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its headline 3x exposure for only one day at a time. TNA offers 3x levered exposure to nearly 2000 companies that span mid-, small- and micro-cap territory: the Russell 2000. As a short-term instrument, trading costs account for most of the expense associated with using this ETF. Fortunately, TNA is ultra-liquid: Daily volume is extremely strong and spreads are tight despite the 3x multiple. TNA’s liquidity makes it a top choice for traders well versed in the risks and rewards of levered ETPs.

TNA Charts And Performance

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  • 3 Months
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  • 1 Year
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  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 05/28/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TNA 19.90% -45.78% -63.09% -52.11% -19.87% -9.73% 8.65%
ticker (NAV) 19.80% -45.74% -63.34% -52.44% -20.03% -9.80% 8.59%
Russell 2000 Index 8.04% -4.75% -15.56% -5.45% 1.85% 3.71% 8.59%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TNA Summary Data

Direxion
11/05/08
Open-Ended Fund
1.12%
$929.40M
0.06%
Fund Home Page

TNA Portfolio Data

1.11%
06/23/20

TNA Index Data

Russell 2000 Index
Market Cap
Market Cap
N/A

TNA Fund Structure

Yes
Yes
No Policy
N/A
N/A
Low
3
Daily

TNA Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TNA Factset Analytics Block Liquidity

As of 05/29/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TNA. TNA is rated a 5 out of 5.

TNA Tradability

23,055,900
$456.12M
22,513,385
$437.21M
0.06%
$0.01
-0.01%
7.00% / -3.85%
None
0.00%
50,000
450.27
0.02%
--
278,695
$26.44
5

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.