(TNA) Direxion Daily Small Cap - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US25459W8477 • Trading--Leveraged Equity
TNA: Small Cap Stocks, Swap Agreements, ETFs
Naval here. Let me break down what TNA is all about. This ETF is designed for investors who want to amplify their exposure to small-cap stocks. It aims to deliver 3x daily returns of the Russell 2000 Index, which tracks around 2,000 small-cap companies. The fund uses derivatives like swaps and futures to achieve this leverage, but remember, leverage works both ways—it can magnify losses as well as gains.
TNA is part of Direxions suite of leveraged products. Its important to note that this fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities. The funds assets under management (AUM) are significant at over $2.3 billion, which tells me theres substantial investor interest in this kind of leveraged exposure to small-caps.
The Russell 2000 Index itself is a well-known benchmark for small-cap stocks, comprising about 2,000 companies from the Russell 3000 Index. These companies are selected based on market cap and other criteria. TNA essentially allows investors to bet on the daily movement of this index with 3x leverage. However, due to the daily rebalancing, this fund is better suited for short-term trading rather than long-term holding.
For fund managers and investors, its crucial to understand the risks involved with leveraged ETFs. Daily reset mechanisms can lead to compounding issues, especially in volatile markets. TNA is not a buy-and-hold investment; its a tool for sophisticated traders who can monitor and adjust their positions frequently.
TNA is listed on the NYSE ARCA under the ticker symbol TNA. It falls under the category of trading--leveraged equity ETFs. The fund is domiciled in the United States, and you can find more details on Direxions website.
Additional Sources for TNA ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
TNA ETF Overview
Market Cap in USD | 1,641m |
Category | Trading--Leveraged Equity |
TER | 1.08% |
IPO / Inception | 2008-11-05 |
TNA ETF Ratings
Growth 5y | 33.7% |
Fundamental | - |
Dividend | 39.7% |
Rel. Strength Industry | -19.2 |
Analysts | - |
Fair Price Momentum | 24.96 USD |
Fair Price DCF | - |
TNA Dividends
Dividend Yield 12m | 1.07% |
Yield on Cost 5y | 2.76% |
Annual Growth 5y | 79.19% |
Payout Consistency | 40.0% |
TNA Growth Ratios
Growth Correlation 3m | -56.4% |
Growth Correlation 12m | 43.2% |
Growth Correlation 5y | -10.8% |
CAGR 5y | 17.09% |
CAGR/Max DD 5y | 0.21 |
Sharpe Ratio 12m | 0.51 |
Alpha | -45.72 |
Beta | 3.64 |
Volatility | 72.01% |
Current Volume | 13600.7k |
Average Volume 20d | 15336.1k |
As of March 15, 2025, the stock is trading at USD 30.94 with a total of 13,600,742 shares traded.
Over the past week, the price has changed by -5.09%, over one month by -29.25%, over three months by -38.54% and over the past year by -17.88%.
Neither. Based on ValueRay Analyses, Direxion Daily Small Cap is currently (March 2025) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 33.67 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of TNA as of March 2025 is 24.96. This means that TNA is currently overvalued and has a potential downside of -19.33%.
Direxion Daily Small Cap has no consensus analysts rating.
According to ValueRays Forecast Model, TNA Direxion Daily Small Cap will be worth about 30 in March 2026. The stock is currently trading at 30.94. This means that the stock has a potential downside of -3.17%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 30 | -3.2% |