Is TNA a good investment?
Find the latest Direxion Daily Small Cap Bull 3X Shares (TNA) stock quote, history, news and other vital information to help you with your stock trading and investing.
Is TNA a buy-and-hold ETF?
Learn everything about Direxion Daily Small Cap Bull 3x Shares (TNA). Free ratings, analyses, holdings, benchmarks, quotes, and news.
What is the difference between TZA and TNA?
May 13, 2022 · Real-time trade and investing ideas on Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares TNA from the largest community of traders and investors.
Is TNA a buy or sell on Robinhood?
May 02, 2022 · The Direxion Dialy Small Cap Bull 3x Shares ETF price gained 2.92% on the last trading day (Monday, 2nd May 2022), rising from $45.26 to $46.58. During the day the ETF fluctuated 9.14% from a day low at $43.32 to a day high of $47.28. The price has been going up and down for this period, and there has been a -16.58% loss for the last 2 weeks.
What stocks are in the TNA ETF?
| Company | Symbol | Total Net Assets |
|---|---|---|
| iShares Russell 2000 ETF | IWM | 66.48% |
| Financial Square Treasury Instruments Fund FST Shares | FTIXX | 23.83% |
| Dreyfus Government Cash Management Institutional Shs | DGCXX | 23.03% |
| Financial Square Government Fund FST Shares | FGTXX | 0.03% |
What is TNA fund?
Is TNA a buy?
Is TNA a leveraged ETF?
What does TNA ETF track?
What companies make up IWM?
| Company | Symbol | Total Net Assets |
|---|---|---|
| AMC Entertainment Holdings Inc. Cl A | AMC | 0.46% |
| Avis Budget Group Inc. | CAR | 0.40% |
| BJ's Wholesale Club Holdings Inc. | BJ | 0.34% |
| Tenet Healthcare Corp. | THC | 0.33% |
Signals & Forecast
Support, Risk & Stop-loss
Mostly positive signals in the chart today. The Direxion Dialy Small Cap Bull 3x Shares ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Is Direxion Dialy Small Cap Bull 3x Shares ETF A Buy?
On the downside, the ETF finds support just below today's level from accumulated volume at $80.81 and $76.50. There is natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level.
What is the Russell 2000 Index?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
How to Trade the Russell 2000 Index (TZA and TNA)
The Russell 2000 Index tracks the performance of approximately 2,000 small-cap stocks found in the Russell 3000 Index.
Tracking the Russell 2000 Index Chart
TZA and TNA track the Russell 2000 Index, both of which are leveraged ETFs’ underlying index. TZA aims to provide investment results corresponding to -300% of the Russell 2000 Index. On the other hand TNA seeks to amplify the daily performance of the Russell 2000.
Final Thoughts
If you have a high-risk tolerance and want to trade TNA and TZA, it’s extremely important you follow the underlying index. Ultimately, the Russell 2000 Index is the key driver behind the movements in these leveraged ETFs. The Russell 2000 Index performance is important to track when you are trading in this area.
