Should you invest in TNA or Tza?
TZA offers (-3x) daily inverse exposure to US small-cap companies as defined by the Russell 2000. The underlying index specifically contains the 1001st through the 3000th securities …
What is the daily percentage change for Tza?
Direxion Small Cap Bear 3X Shares (TZA) ETF Bio. The investment objective of the Direxion Daily Small Cap Bear 3x Shares ETF seeks daily investment results of 300% of the inverse (or opposite) of the performance of the Russell 2000 Index.
Is Tza a good 1 day bet?
· Check if TZA Stock has a Buy or Sell Evaluation. TZA ETF Price (NYSEARCA), Forecast, Predictions, Stock Analysis and Direxion Daily Small Cap Bear 3X News.
Is Tza a buy or sell on Robinhood?
See the company profile for Direxion Daily Small Cap Bear 3X Shares (TZA) including business summary, industry/sector information, number of employees, business summary, corporate governance, key ...
How does TZA stock work?
The fund uses ETF and index swaps to get its inverse exposure. As a geared product with daily resets, TZA is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
What stocks make up TZA?
Top 10 HoldingsGoldman Sachs FS Treasury Intms Instl. 123.30%Dreyfus Government Secs Cash Mgmt Admin. 123.00%Russ 2000 Indx Small Swap. 61.07%Goldman Finl Sq Trsry Ins. 0.00%Total. 307.36%# of Holdings.
What is ETF TZA?
Launched in 2008, the Direxion Daily Small Cap Bear 3X ETF (TZA) seeks to return three times the inverse daily performance of the Russell 2000 Index – a benchmark that comprises 2,000 small-capitalization companies.
What is Direxion daily small cap Bear ETF?
About Direxion Daily Small Cap Bear 3X ETF The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 2000® Index.
What is a Bear 3X ETF?
Launched in early 2010, the Direxion Daily Semiconductor Bear 3X ETF (SOXS) seeks to provide three times the inverse daily performance PHLX Semiconductor Sector Index (SOX), a market-cap-a capitalization-weighted index composed of 30 semiconductor companies—making it ideal for traders who want to make an aggressive bet ...
Is there an ETF to short the Russell 2000?
ProShares Short Russell2000 (RWM) This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
What companies are in IWM?
Top 10 HoldingsCompanySymbolTotal Net AssetsAMC Entertainment Holdings Inc. Cl AAMC0.46%Avis Budget Group Inc.CAR0.40%BJ's Wholesale Club Holdings Inc.BJ0.34%Tenet Healthcare Corp.THC0.33%6 more rows
What are TNA holdings?
Top 4 HoldingsCompanySymbolTotal Net AssetsiShares Russell 2000 ETFIWM66.48%Financial Square Treasury Instruments Fund FST SharesFTIXX23.83%Dreyfus Government Cash Management Institutional ShsDGCXX23.03%Financial Square Government Fund FST SharesFGTXX0.03%
Component Grades
We have 5 different ratings for every ETF to help you appreciate its future potential. You can unlock it all now.
Direxion Small Cap Bear 3X Shares (TZA) ETF Bio
The investment objective of the Direxion Daily Small Cap Bear 3x Shares ETF seeks daily investment results of 300% of the inverse (or opposite) of the performance of the Russell 2000 Index.
Signals & Forecast
The Direxion Daily Small Cap Bear 3X 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.
Support, Risk & Stop-loss
Direxion Daily Small Cap Bear 3X finds support from accumulated volume at $38.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Direxion Daily Small Cap Bear 3X ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily Small Cap Bear 3X ETF to perform well in the short-term.
About Direxion Daily Small Cap Bear 3X ETF
The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes).
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Benchmark for TZA
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of that index.
Fund Summary for TZA
The Direxion Daily Small Cap Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000.
What is the Russell 2000 Index?
The Russell 2000 Index tracks the performance of approximately 2,000 small-cap stocks found in the Russell 3000 Index.
How to Trade the Russell 2000 Index (TZA and TNA)
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.
Tracking the Russell 2000 Index Chart
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.
Final Thoughts
Leveraged ETFs could be lucrative, but you’ll need to be able to handle the risk. Now, you’ll need to figure out a direction and a catalyst, whether it be technical or fundamental. Again, if you’re bullish on small-cap stocks, you could consider TNA.
Strategy & Benefits
You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Target Index
The Russell 2000 ® Index (RU20INTR) measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 ® Index, based on a combination of their market capitalization and current index membership. One cannot directly invest in an index.
