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Upturn AI SWOT - About
Direxion Daily Small Cap Bull 3X Shares (TNA)
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Upturn Advisory Summary
03/27/2025: TNA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -44.61% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 13213932 | Beta 3.47 | 52 Weeks Range 28.31 - 57.59 | Updated Date 03/28/2025 |
52 Weeks Range 28.31 - 57.59 | Updated Date 03/28/2025 |
Upturn AI SWOT
Direxion Daily Small Cap Bull 3X Shares
ETF Overview
Overview
The Direxion Daily Small Cap Bull 3X Shares (TNA) aims to deliver three times the daily performance of the Russell 2000 Index, focusing on small-cap U.S. equities and employing a leveraged investment strategy to amplify returns.
Reputation and Reliability
Direxion is a well-known issuer specializing in leveraged and inverse ETFs, with a track record of providing these specialized products.
Management Expertise
Direxion's management team possesses expertise in managing leveraged ETFs, which require active monitoring and adjustment to maintain the desired leverage ratio.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 2000 Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged strategy to achieve its goal of 3x daily exposure to the Russell 2000 Index.
Composition The ETF primarily holds financial instruments like swaps, futures contracts, and other derivatives to achieve its leveraged exposure to the Russell 2000 Index. It also holds some shares of the underlying index components.
Market Position
Market Share: TNA holds a significant portion of the leveraged small-cap ETF market.
Total Net Assets (AUM): 459460000
Competitors
Key Competitors
- ProShares UltraPro Russell2000 (URTY)
Competitive Landscape
The leveraged small-cap ETF market is relatively concentrated. TNA's primary advantage lies in its first-mover advantage and established presence, but URTY provides investors with a competing option. TNA's higher AUM can attract more liquidity and trading activity compared to its key competitor.
Financial Performance
Historical Performance: Due to its leveraged nature, historical performance can be highly volatile and is significantly influenced by daily market movements of the Russell 2000 index.
Benchmark Comparison: The ETF aims for 3x the daily performance of the Russell 2000 Index, but tracking error and compounding effects can cause deviations over longer periods.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
TNA has relatively high average trading volume, typically ranging from hundreds of thousands to millions of shares daily, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread for TNA is generally tight, usually within a few cents, due to its trading volume.
Market Dynamics
Market Environment Factors
TNA's performance is highly sensitive to small-cap market sentiment, economic growth, and interest rate changes. Positive economic data and risk-on sentiment tend to favor TNA.
Growth Trajectory
TNA's growth is primarily driven by investor demand for leveraged exposure to small-cap equities and market movements within the Russell 2000 Index.
Moat and Competitive Advantages
Competitive Edge
TNA's competitive edge comes from its established position as one of the most liquid and actively traded leveraged small-cap ETFs. Its high leverage factor (3x) caters to investors seeking aggressive short-term gains. The ETF's strong trading volume helps minimize transaction costs, enhancing its appeal to active traders. Furthermore, Direxion's established brand in the leveraged ETF space builds investor confidence. However, this strategy involves higher risk compared to non-leveraged ETFs.
Risk Analysis
Volatility
TNA is highly volatile due to its 3x leverage, experiencing amplified gains and losses compared to the Russell 2000 Index.
Market Risk
TNA is subject to significant market risk as it amplifies the fluctuations of the small-cap market. Compounding can cause significant deviations over time, leading to potentially large losses.
Investor Profile
Ideal Investor Profile
TNA is suited for sophisticated, active traders with a high-risk tolerance who seek short-term, leveraged exposure to the Russell 2000 Index.
Market Risk
TNA is not suitable for long-term investors or those with a low-risk tolerance; it is designed for short-term trading strategies.
Summary
Direxion Daily Small Cap Bull 3X Shares (TNA) offers a leveraged means of accessing the Russell 2000 Index, designed for active traders aiming for amplified short-term gains. Its high volatility and risk make it unsuitable for long-term investors. Due to its leveraged structure, TNA is highly sensitive to daily market movements, and its performance can deviate significantly from the 3x target over longer periods because of compounding effects. While TNA presents opportunities for substantial gains, it also exposes investors to potentially large losses, underscoring the need for careful risk management.
Similar Companies
- URTY
- SSO
- UPRO
Sources and Disclaimers
Data Sources:
- Direxion Investments Website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in leveraged ETFs involves substantial risk and may not be suitable for all investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Small Cap Bull 3X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 3X daily leveraged exposure to the Index, consistent with the fund's investment objective. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.
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