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Upturn AI SWOT - About
Direxion Daily Small Cap Bull 3X Shares (TNA)
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Upturn Advisory Summary
08/14/2025: 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.
Analysis of Past Performance
Type ETF | Historic Profit -15.18% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 3.53 | 52 Weeks Range 17.93 - 57.32 | Updated Date 06/29/2025 |
52 Weeks Range 17.93 - 57.32 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily Small Cap Bull 3X Shares
ETF Overview
Overview
The Direxion Daily Small Cap Bull 3X Shares (TNA) aims to achieve 300% of the daily performance of the Russell 2000 Index, focusing on the small-cap sector and employing a leveraged strategy. It seeks to amplify the daily gains of small-cap stocks.
Reputation and Reliability
Direxion is known for providing leveraged and inverse ETFs. Their reputation is mixed, as these products are complex and not suitable for all investors due to their daily reset feature.
Management Expertise
Direxion has experience in managing leveraged and inverse ETFs, requiring specialized knowledge of derivatives and daily rebalancing.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 300% of the performance of the Russell 2000 Index.
Investment Approach and Strategy
Strategy: It aims to deliver three times the daily performance of the Russell 2000 Index using derivatives such as swaps and futures.
Composition The ETF primarily holds financial instruments like swap agreements and futures contracts to achieve its leveraged exposure to the Russell 2000 Index.
Market Position
Market Share: Difficult to define a specific market share for leveraged ETFs precisely, but it participates in the leveraged ETF market within the small-cap equity space.
Total Net Assets (AUM): 108030000
Competitors
Key Competitors
- ProShares UltraPro Russell2000 (URTY)
- GraniteShares 3x Long Small Cap ETF (TNAX)
Competitive Landscape
The competitive landscape involves other leveraged ETFs seeking to amplify the returns of the Russell 2000. TNA's advantage lies in its established presence and liquidity, but it faces challenges from competitors offering similar exposure with potentially lower costs or different structures. Leveraged ETF markets are highly competitive.
Financial Performance
Historical Performance: Due to the leveraged nature and daily reset, long-term historical performance is not indicative of future returns. It is designed for short-term trading.
Benchmark Comparison: The ETF aims for 3x the *daily* performance of the Russell 2000. Performance deviates significantly over longer periods due to compounding effects.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average trading volume is moderate, allowing for relatively easy entry and exit for most retail traders.
Bid-Ask Spread
The bid-ask spread varies but is generally wider than non-leveraged ETFs, reflecting the increased trading costs and risks.
Market Dynamics
Market Environment Factors
Economic growth, interest rate changes, and investor sentiment towards small-cap stocks heavily influence TNA's performance. Increased volatility can dramatically impact leveraged ETFs.
Growth Trajectory
TNA's growth depends on the sustained positive performance of the Russell 2000 and investor appetite for leveraged exposure. Changes to the underlying index or regulations could impact its strategy.
Moat and Competitive Advantages
Competitive Edge
TNA provides a readily accessible way for investors to gain leveraged exposure to the Russell 2000. Its main competitive advantage is its liquidity and brand recognition within the leveraged ETF space. However, its daily reset and leveraged nature are significant risks that are not suitable for all investors. It's designed for short-term tactical trading and not long-term investing.
Risk Analysis
Volatility
TNA exhibits high volatility due to its 3x leverage and the inherent volatility of small-cap stocks. This volatility can lead to substantial gains or losses in a short period.
Market Risk
The ETF is susceptible to market risk, particularly related to fluctuations in the small-cap sector. Compounding and daily resets can lead to significant deviations from the underlying index's cumulative performance over extended periods.
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, sophisticated trader with a high-risk tolerance and a short-term investment horizon who understands the complexities of leveraged ETFs.
Market Risk
TNA is suitable for active traders seeking short-term tactical exposure to the Russell 2000. It is not appropriate for long-term investors or those with a low-risk tolerance.
Summary
Direxion Daily Small Cap Bull 3X Shares (TNA) offers a leveraged way to bet on the daily performance of the Russell 2000 index. It amplifies daily gains but also magnifies losses, making it a high-risk, short-term trading tool. It is not suitable for long-term investing due to its daily reset feature and compounding effects. Investors should fully understand the risks involved before investing in TNA. Due to the leveraged exposure, this ETF is only suitable for sophisticated traders with a strong understanding of market dynamics and risk management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Direxion
- Yahoo Finance
- ETFdb.com
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Leveraged ETFs are complex financial instruments and carry significant risks. Past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.