Direxion Daily Small Cap Bull 3x Shares
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $380M | Put options by funds: $252M
20% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 25
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
3% more funds holding
Funds holding: 97 [Q3] → 100 (+3) [Q4]
2.94% less ownership
Funds ownership: 9.96% [Q3] → 7.03% (-2.94%) [Q4]
30% less capital invested
Capital invested by funds: $256M [Q3] → $178M (-$77.7M) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for TNA.
Financial journalist opinion
Neutral
Seeking Alpha
1 day ago
TNA: Buy For Big Gains On Small Caps
Direxion Daily Small Cap Bull 3X Shares (TNA) is a triple leveraged ETF tracking the Russell 2000, aiming for 300% of daily benchmark movement. Despite long-term bullishness on the Russell 2000, current market volatility necessitates caution with TNA, emphasizing short-term holding strategies. Leveraged ETFs like TNA are best held short-term due to volatility and loss recoupment risks, making them suitable for playing market catalysts.
Negative
Finbold
2 days ago
U.S. politician bets big on small-cap stocks
The stock market has been in a tumultuous, volatile state lately — and one U.S. politician is betting that small-cap stocks will see the best returns going forward.
Neutral
ETF Trends
2 months ago
Higher Volatility Could Pave the Way for Small-Cap Strength
A new presidential administration and an inflection point for the Federal Reserve are adding a high degree of uncertainty to the market. That could bring forth heightened volatility.
Positive
Seeking Alpha
3 months ago
TNA: Small Caps Remain Cheap At The Start Of 2025
The Direxion Daily Small Cap Bull 3X Shares ETF seeks to deliver 300% (3x) the return of the Russell 2000 index. Russell 2000 components currently trade at a trailing earnings yield of roughly 6.2%, well above the S&P 500's 4.10% forward earnings yield. The outlook for Russell 2000 earnings growth is bright thanks to a strong US economy, a low payout ratio, and benefits from Fed policy normalization.
Positive
ETF Trends
4 months ago
Small-Caps Stocks Looked Primed for Year-End Rally
A Santa Claus rally can benefit all market capitalization sizes, including small-caps. The Russell 2000 index is already up more than 20% for the year.
Neutral
ETF Trends
5 months ago
Top Performing Leveraged/Inverse ETFs: 11/10/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Positive
ETF Trends
5 months ago
Small-Caps Having Their Own Post-Election Moment
The prime indicator of small-cap performance, the Russell 2000, is up almost 9% the past five days. As such, small-cap equities are having their own post-election rally and it could sustain itself through the rest of the year and beyond.
Positive
Seeking Alpha
5 months ago
TNA: Small Caps Set To Benefit From Fed Tailwinds In Q4 2024
The Direxion Daily Small Cap Bull 3X Shares ETF (TNA) seeks to deliver 300% of the daily performance of the Russell 2000 index. Russell 2000 companies issue more floating rate debt relative to S&P 500 components - a key tailwind during Fed easing. Lower valuations and a smaller payout ratio are likely to drive Russel 2000 outperformance over the medium term.
Positive
ETF Trends
6 months ago
As Rate-Cutting Cycle Begins, Consider Trading Midcaps
With large-caps getting most of 2024's attention, traders may be overlooking one area that could offer opportunities. In the Fed's rate-cutting cycle, traders may also want to pay attention to midcaps.
Neutral
Seeking Alpha
7 months ago
Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024
The 'Undercovered' Dozen ETF edition highlights less covered ETFs, focusing on seven in-depth analyses and five brief mentions, from articles published between August 15th and September 16th. The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has shown volatility but is stabilizing; patience is advised by The Sunday Investor as its high-quality selections might perform well. The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) offers a 4.07% yield but lacks complexity according to MacroGirl; consider alternatives like PEY.
Charts implemented using Lightweight Charts™