Direxion Daily Small Cap Bull 3X Shares (TNA)
XMEX 
Summary
TNA Chart
TNA: Small Caps Could Benefit From U.S. Economy Uptick In 2026
Amid a weaker-than-expected U.S. economy in 2025, the Russell 2000-tracking Direxion Daily Small Cap Bull 3X Shares ETF has marginally underperformed the S&P 500. Looking ahead to 2026, the Russell 2000 should benefit from an acceleration in U.S. GDP growth, a falling unemployment rate, and ongoing Fed rate cuts. The Russell 2000 offers a sizable ~35% trailing P/E discount relative to the S&P 500, partially stemming from its sizable (but declining) overweight position in cyclical sectors.
TNA: Tariff Policy May Overshadow Rate Policy For Small-Caps
TNA offers 3x daily exposure to the Russell 2000, making it suitable for active traders but not for long-term investors. Small-cap stocks may struggle in an inflationary environment, even if interest rates decline, due to higher import costs and tighter margins resulting from tariff policy. Holding TNA beyond a single day exposes investors to compounding risks and value decay, especially during consecutive down days.
Profiting in Small-Caps Whether They Go Up, Down, or Remain Flat
Weekly options are the ideal investment for turning small amounts of money into large amounts.
Direxion Daily Small Cap Bull 3X Shares (TNA) FAQ
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Direxion Daily Small Cap Bull 3X Shares Profile
| XMEX Exchange | US Country |
Overview
The described company operates within the financial sector, focusing on providing its clients with leveraged exposure to the small-capitalization sector of the market. It achieves this through investing a minimum of 80% of its net assets into financial instruments that aim for triple (3X) the daily performance of its targeted index. This targeted index comprises approximately 2,000 small-capitalization companies within the broader Russell 3000® Index, emphasizing those selected based on their market capitalization and current membership within the index. As a non-diversified fund, it concentrates its investments more heavily in its chosen financial instruments compared to diversified funds, which may spread their investments across a wider range of assets.
Products and Services
- Swap Agreements
These are contracts through which the fund can exchange the returns of its assets for those of the index it seeks to track, effectively providing the leverage it aims for. Swap agreements are a pivotal part of the fund's strategy to amplify its exposure to the performance of small-cap companies within the Russell 3000® Index.
- Securities of the Index
The fund invests in securities that are part of its targeted index, directly linking its performance to the small-capitalization companies within the Russell 3000® Index. This direct investment is another method through which the fund seeks to achieve its objective of 3X daily leveraged exposure to these companies.
- Exchange-Traded Funds (ETFs)
By investing in ETFs that track the same index, the fund is able to diversify its approach to achieving its leverage objective. ETFs offer a more flexible and liquid option for participating in the performance of the index, complementing the fund's other investment strategies.
Contact Information
