Direxion Daily Small Cap Bull 3X Shares is an exchange-traded fund (ETF) designed to provide investors with three times the daily performance of the Russell 2000 Index. Managed by Rafferty Asset Management, this fund primarily invests in small-cap U.S. stocks across various sectors, using derivatives like futures and swaps to achieve its investment goals. Launched in 2008, it aims to offer growth and value by tapping into the potential of small-cap companies.
TNA has handed short-term traders a spectacular ride, but the five-year chart tells a story that most leveraged ETF investors never stick around long enough to read.
Direxion Daily Small Cap Bull ETF (NYSEARCA:TNA) is down 1.62% as this exchange traded fund (ETF) magnifies a 0.36% decline in its underlying small-cap index, the Russell 2000. Overall, the market is…
24-7 Wall Street Insights Small-cap stocks are showing signs of breaking out of a bear market that has lingered since 2022. The Russell 2000 is the primary benchmark index for tracking small-cap…
