Opening (IRA): TNA March 28th 35 Covered Call... for a 34.04 debit.
Comments: Adding at strikes better than what I currently have on, selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call. Going lower net delta here as a personal choice, since I've alre
Key stats
About Direxion Small Cap Bull 3X Shares
Home page
Inception date
Nov 5, 2008
Structure
Open-Ended Fund
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
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.
Classification
What's in the fund
Exposure type
ETF
Cash
Stock breakdown by region
Top 10 holdings
Opening (IRA): TNA April 17th 31 Covered Call... for a 29.98 debit.
Comments: Starting a run at April (56 DTE) at strikes better than what I currently have on.
Metrics:
Buying Power Effect/Break Even: 29.98/share
Max Profit: 1.02
ROC at Max: 3.40%
50% Max: .51
ROC at 50% Max: 1.70%
Will generally look to take profit at 50% max, add at int
Opening (IRA): TNA April 17th 29 Covered Call... for a 28.28 debit.
Comments: Adding at strikes better than what I currently have on. Selling the -84 delta call against shares to emulate the delta metrics of a 16 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 28.28/share
Max Prof
Opening (IRA): TNA April 17th 25 Covered Call... for a 23.63 debit.
Comments: Adding to my current position at strikes/break evens better than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effec
Tariffs = Black Swan EventDid not account for tariff's being such a contentious issue.
The market does not like UNCERTAINTY and we have that in droves right now.
The very positive outcome of this is we have some unimaginable buying opportunities here to make some very serious money in a relatively short (1-3years) time per
Almost time to YOLO the Russell (TNA)What you see here is a very strong point of confluence on AMEX:TNA (3x Russell). We have proven fib levels (note the effectiveness of the 50% retrace, previously).
We are coming up on the 61.8 retrace, which is the bottom of a 3 wave down channel
It is intersected by long-term lower trendline.
WOW! Great entry point around $38From a supply and demand perspective, the daily demand zone is holding very well.
This morning's gift of dipping below $38 was an incredible buy. We still have a full demand zone intact, so any entry into it would be another great time to buy some more, to top-up your entry into TNA.
Looking forw
Opening (IRA): TNA March 21st 37 Covered Call... for a 36.06 debit.
Comments: On second thought ... . Maybe I'm not done with March yet. Here, selling the 84 delta call against shares to emulate the delta metrics of a 2x expected move 16 delta short put, but with the built-in defense of the short call. This is less risk than what I ordina
Opening (IRA): TNA March 21st 40 Covered Call... for a 38.17 debit.
Comments: High IV; starter position. Going out to the 56 DTE March monthly for my starter position, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effec
Opening (IRA): TNA March 21st 39 Covered Call... for a 37.05 debit.
Comments: Adding to my TNA position at a slightly better break even than what I currently have on, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
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 trades at 28.11 USD today, its price has fallen −1.13% in the past 24 hours. Track more dynamics on TNA price chart.
TNA net asset value is 28.16 today — it's risen 18.05% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TNA assets under management is 1.78 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.
TNA price has risen by 13.48% over the last month, and its yearly performance shows a −29.55% decrease. See more dynamics on TNA price chart.
NAV returns, another gauge of an ETF dynamics, showed a −27.44% decrease in three-month performance and has decreased by −27.64% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −27.44% decrease in three-month performance and has decreased by −27.64% in a year.
TNA fund flows account for −88.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
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.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TNA technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TNA shows the sell signal. See more of TNA technicals for a more comprehensive analysis.
Today, TNA technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TNA shows the sell signal. See more of TNA technicals for a more comprehensive analysis.
Yes, TNA pays dividends to its holders with the dividend yield of 1.64%.
TNA trades at a premium (0.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
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.