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Is TNA a good ETF?

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Is TNA a good ETF?

TNA is rated a 5 out of 5.

What stocks are in the TNA ETF?

Top 6 Holdings (108.20% of Total Assets)

Name Symbol % Assets
iShares Russell 2000 ETF IWM 66.18%
Russ 2000 Indx Small Swap N/A 16.92%
Goldman Sachs FS Treasury Intms Instl FTIXX 13.91%
Dreyfus Government Secs Cash Mgmt Admin DAPXX 10.80%

Is TNA an index fund?

The Direxion Daily Small Cap Bull (TNA) and Bear (TZA) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 2000® Index….One cannot directly invest in an index.

Index Sector Weightings %
Utilities 2.40

How do you analyze an ETF?

Since the job of most ETFs is to track an index, we can assess an ETF’s efficiency by weighing the fee rate the fund charges against how well it “tracks”—or replicates the performance of—its index. ETFs that charge low fees and track their indexes tightly are highly efficient and do their job well.

Will TNA go up?

The TNA stock price can go up from 82.230 USD to 115.853 USD in one year.

What is the opposite of TNA?

Notice how both the Russell 2000 and TNA charts are nearly identical. Here’s the hourly chart on TZA: The chart is the inverse of TNA and the Russell 2000 Index.

What holdings are in TNA?

Top 4 Holdings

Company Symbol Total Net Assets
iShares Russell 2000 ETF IWM 63.27%
Financial Square Treasury Instruments Fund FST Shares FTIXX 16.33%
Dreyfus Government Cash Management Institutional Shs DGCXX 13.98%
Financial Square Government Fund FST Shares FGTXX 1.01%

What is the TZA ETF?

TZA offers (-3x) daily inverse exposure to US small-cap companies as defined by the Russell 2000. As a geared product with daily resets, TZA is designed as a short-term trading tool and not a long-term investment vehicle.

How do I know if my ETF is good?

Picking the Right ETF

  1. Level of Assets: To be considered a viable investment choice, an ETF should have a minimum level of assets, a common threshold being at least $10 million.
  2. Trading Activity: An investor needs to check if the ETF that is being considered trades in sufficient volume on a daily basis.

How do you track ETF performance?

How to monitor ETF performance

  1. Compare it to other ETFs.
  2. Compare it to its benchmark.
  3. Add up the fees.
  4. Disclosure documents.
  5. Review account statements.
  6. Consult your advisor.
  7. Follow stock market news.
  8. General economic news.

Is TNA publicly traded?

Direxion Daily Small Cap Bull 3X Shares trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol “TNA.”

How does TZA ETF 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 is the Russell 2000 ETF (TNA)?

This ETF offers 3x daily long leverage to the Russell 2000 Index, making it a powerful tool for investors with a bullish short-term outlook for small cap equities. Investors should note that TNA’s leverage resets on a daily basis, which results in compounding of returns when held for multiple periods.

Is TNA a buy-and-hold ETF?

As a levered product, TNA is not a buy-and-hold ETF; it’s a short-term tactical instrument.

What type of exposure does TNA offer?

TNA provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. TNA offers 3x leveraged exposure to nearly 2000 US small-cap companies as defined by the Russell 2000.

What is the ETF database?

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

https://www.youtube.com/watch?v=MhaPI4f4x-8

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