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Direxion Daily Small Cap Bull 3x SharesDirexion Daily Small Cap Bull 3x SharesDirexion Daily Small Cap Bull 3x Shares

Direxion Daily Small Cap Bull 3x Shares

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Key stats


Assets under management (AUM)
‪1.95 B‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
1.09%
Discount/Premium to NAV
—
Shares outstanding
‪45.80 M‬
Expense ratio
1.03%

About Direxion Daily Small Cap Bull 3x Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
direxioninvestments.com
Inception date
Nov 5, 2008
Structure
Open-Ended Fund
Index tracked
Russell 2000
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US25459W8477
TNA offers 3x leveraged exposure to nearly 2000 US small-cap companies as defined by the Russell 2000. The underlying index specifically contains the 1001st through the 3000th securities pulled from the Russell 3000 index, which covers approximately 10% of its total market capitalization. The fund may invest in securities across various sectors and industry groups without any bias. Selected securities are then weighted by market-cap. As a levered product with daily resets, TNA is not a buy-and-hold ETF, its a short-term tactical instrument. Like many levered funds, it delivers its headline 3x exposure for only one day at a time. As a result, Long-term returns could materially differ from those of the underlying index due to daily compounding.

Broaden your horizons with more funds linked to TNA via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Small cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Market cap

TNA analysis


What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings

TNA news



Ideas



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Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TNA assets under management is ‪1.95 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TNA invests in funds. See more details in our Analysis section.
TNA expense ratio is 1.03%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, TNA is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TNA pays dividends to its holders with the dividend yield of 1.09%.
TNA shares are issued by Rafferty Asset Management LLC
TNA follows the Russell 2000. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 5, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.