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Upturn AI SWOT - About
Direxion Daily Small Cap Bull 3X Shares (TNA)
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Upturn Advisory Summary
10/10/2025: TNA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 -14.26% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/10/2025 |
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) seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 2000 Index. It offers leveraged exposure to U.S. small-cap stocks. The fund rebalances its portfolio daily to maintain its 3x leverage.
Reputation and Reliability
Direxion is a well-known issuer of leveraged and inverse ETFs. They have a solid track record in managing these types of funds, but their funds are considered high-risk.
Management Expertise
Direxion has a dedicated team managing leveraged ETFs with expertise in derivatives and managing the daily rebalancing required for such products.
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: TNA uses a leveraged strategy, aiming to provide three times the daily performance of the Russell 2000 Index through the use of derivatives like swaps and futures contracts.
Composition The fund primarily holds derivatives (swaps, futures) on the Russell 2000 index. It also holds cash and other short-term instruments to manage leverage and meet margin requirements.
Market Position
Market Share: TNA's market share within the leveraged small-cap ETF space varies depending on assets under management and trading volume relative to its competitors.
Total Net Assets (AUM): 589500000
Competitors
Key Competitors
- ProShares UltraPro Russell2000 (URTY)
Competitive Landscape
The leveraged small-cap ETF market is relatively concentrated. TNA and URTY are the primary players. TNA offers the potential for higher daily returns, but this comes with amplified risk. Competitors will be able to use the same indexes to trade stocks.
Financial Performance
Historical Performance: Historical performance is highly volatile due to the leveraged nature of the fund. Past performance is not indicative of future results.
Benchmark Comparison: The fund aims to deliver 3x the daily performance of the Russell 2000, but tracking error and the effects of compounding can lead to deviations over longer periods.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
TNA exhibits relatively high average trading volume, which facilitates easy entry and exit for investors.
Bid-Ask Spread
The bid-ask spread for TNA is generally tight, reflecting its liquidity.
Market Dynamics
Market Environment Factors
Small-cap stock performance, overall market sentiment, interest rate changes, and economic growth expectations can significantly impact TNA's performance.
Growth Trajectory
TNA's growth depends on investor appetite for leveraged exposure to small-cap stocks and its ability to accurately track its target index on a daily basis. Daily rebalancing and market volatility impact performance.
Moat and Competitive Advantages
Competitive Edge
TNA's competitive advantage lies in its established presence as a leveraged ETF provider, offering high exposure to the Russell 2000. It is designed for experienced traders seeking short-term gains and willing to accept substantial risk. The fund's brand recognition within the leveraged ETF space and its liquidity can also be seen as advantages. However, the complexity of its strategy and its unsuitability for long-term investing limit its appeal to a broader investor base.
Risk Analysis
Volatility
TNA exhibits very high volatility due to its 3x leverage, meaning it is susceptible to rapid and substantial price fluctuations.
Market Risk
TNA's underlying assets, small-cap stocks, are subject to market risk, economic downturns, and sector-specific challenges. The leverage amplifies these risks.
Investor Profile
Ideal Investor Profile
TNA is suitable for sophisticated, experienced traders with a high-risk tolerance who seek short-term, tactical exposure to the Russell 2000 index. It is not appropriate for buy-and-hold investors.
Market Risk
TNA is best suited for active traders seeking short-term, leveraged exposure. It is not suitable for long-term investors or passive index followers.
Summary
Direxion Daily Small Cap Bull 3X Shares (TNA) is a leveraged ETF designed for short-term trading of the Russell 2000 index. It offers 3x daily exposure, making it highly volatile and risky. TNA is only suitable for experienced traders with a high-risk tolerance. Due to the effects of compounding and daily rebalancing, its long-term performance can deviate significantly from 3x the Russell 2000's performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Direxion
- SEC Filings
- Yahoo Finance
- ETF.com
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Leveraged ETFs are high-risk investments and may not be suitable for all investors. Past performance is not indicative of future results.
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.