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

Direxion Daily Small Cap Bear 3x Shares

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Overview
Chart Analysis Holdings News Ideas Discussions Seasonals

TZA chart



Key stats


Assets under management (AUM)
‪304.89 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
5.89%
Discount/Premium to NAV
—
Shares outstanding
‪34.12 M‬
Expense ratio
1.04%

About Direxion Daily Small Cap Bear 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
US25460E2321
TZA offers (-3x) daily inverse exposure to 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. The fund uses ETF and index swaps to get its inverse exposure. As a geared product with daily resets, TZA is designed as a short-term trading tool and not a long-term investment vehicle. 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 TZA 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

TZA analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

TZA news



Ideas



See all ideas 

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.
TZA assets under management is ‪304.89 M‬ 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.
TZA invests in cash. See more details in our Analysis section.
TZA expense ratio is 1.04%. 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.
TZA is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
Yes, TZA pays dividends to its holders with the dividend yield of 5.89%.
TZA shares are issued by Rafferty Asset Management LLC
TZA 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.