The Direxion Daily Small Cap Bull 3X Shares (TNA) seek to track daily returns of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The Small Cap Index measures the performance of the small-cap segment of the US stock market, which consists of 2,000 small companies selected from the Russell 3000 Index, which represents approximately 10% of the total capitalized market of the Russell 3000 Index. The Russell 2000 Index includes 2,000 of the smallest stocks based on a combination of their market capitalization and current membership in the index. The fund creates buying positions by investing at least 80% of its net assets in equities that include the Small Cap Index. The fund also invests in financial instruments that, overall, provide leveraged and unleveraged exposures on the Small Cap Index. The fund’s investment advisor is Rafferty Asset Management.

Choosing TNA ETFs, therefore, offers the opportunity to achieve sharper economic results thanks to the 3x leverage. For the same reason, it is riskier than unleveraged products.

To trade with Direxion Daily Small Cap Bull 3X Shares, you can use the Plus500 platform, which also specializes in online ETF trading in addition to several other financial instruments.

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