Direxion Daily Small Cap Bull 3X ETF
TNA
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Nov 19, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Small Cap Bull 3X Shares (TNA) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Russell 2000 Index, which measures approximately 2,000 small-capitalization companies representing about 10% of the total market capitalization of the Russell 3000 Index; the fund employs financial instruments including swaps, futures contracts, and direct investments such as iShares Russell 2000 ETF (IWM) holdings to achieve its objectives. TNA distributes income dividends quarterly and is designed for short-term tactical trading by sophisticated investors who understand leverage risks and daily reset mechanics, rather than long-term buy-and-hold strategies. Issued by Direxion Shares ETF Trust, headquartered at 535 Madison Avenue, 37th Floor, New York, New York, and advised by Rafferty Asset Management, LLC, the fund was launched on November 5, 2008, with total net assets of approximately $1.93 billion and a net expense ratio of 1.03% as of recent data. The ETF trades on NYSE Arca and targets active traders seeking magnified exposure to U.S. small-cap equities across sectors like financials, industrials, health care, and information technology, without geographic limitations beyond the domestic index focus. In recent developments, Direxion launched the Titans Leveraged & Inverse ETFs in October 2025, a new suite providing precise 3X and inverse exposure to the top five companies in key U.S. sectors such as technology, semiconductors, biotech, and energy, reflecting ongoing product innovation amid approximately $56.9 billion in total assets under management. The firm selected SS&C ALPS Distributors in 2024 to provide medallion distribution services, enhancing its ETF and mutual fund distribution model, strategy, and FINRA compliance reach. Additionally, in June 2025, Direxion announced the closure of two underperforming ETFs (OOTO and CLDL) due to limited investor interest, underscoring a strategic focus on high-conviction leveraged products like TNA.