Direxion Daily Small Cap Bull and Bear 3X Shares
The Direxion Daily Small Cap Bull and Bear 3X Shares seek the daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 2000® Index. There is no guarantee the funds will achieve their stated investment objectives.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.
TNA
TZA
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- 01/23/2024
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These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 10/14/2024.
Net Asset Value (NAV)
Market Price Closing
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
TNA NAV | 0.21 | 20.71 | 13.16 | 55.96 | -18.16 | -3.96 | 3.82 | 8.34 | 1.08 / 1.08* | 11/05/2008 |
TNA Market Close | 0.37 | 21.01 | 13.03 | 56.02 | -18.18 | -3.94 | 3.83 | 8.35 | 1.08 / 1.08* | 11/05/2008 |
TZA NAV | -2.32 | -26.29 | -30.04 | -54.59 | -22.23 | -47.79 | -40.59 | -48.73 | 1.04 / 1.04* | 11/05/2008 |
TZA Market Close | -2.42 | -26.50 | -29.88 | -54.59 | -22.23 | -47.80 | -40.59 | -48.73 | 1.04 / 1.04* | 11/05/2008 |
As of September 30, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.91% for TNA and 0.90% for TZA. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2025, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.
Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.
Index Information
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. One cannot invest directly in an index.
Index Top Ten Holdings
% of Total | |
---|---|
Super Micro Computer | 1.72% |
Microstrategy | 0.80% |
Carvana Co | 0.52% |
ELF Beauty Shares | 0.45% |
Comfort Systems USA | 0.42% |
Onto Innovation Inc | 0.42% |
Chord Energy Corporation | 0.41% |
Ftai Aviation Ltd | 0.40% |
Insmed | 0.39% |
Light & Wonder Inc | 0.37% |
Index Sector Weightings
% of Total | |
---|---|
Industrials | 17.15% |
Financials | 15.98% |
Information Technology | 15.38% |
Health Care | 15.16% |
Consumer Discretionary | 10.42% |
Energy | 7.48% |
Real Estate | 5.61% |
Materials | 4.52% |
Consumer Staples | 3.52% |
Utilities | 2.59% |
Communication Services | 2.19% |
0.00% |
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.
Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:
- Magnify your short-term perspective with daily 3X leverage
- Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
- Stay agile – with liquidity to trade through rapidly changing markets
Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.
Distributions
TNA Direxion Daily Small Cap Bull 3X Shares
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
---|---|---|---|---|---|---|
09/24/2024 | 09/24/2024 | 10/01/2024 | 0.03328 | — | — | |
06/25/2024 | 06/25/2024 | 07/02/2024 | 0.15286 | — | — | |
03/20/2024 | 03/19/2024 | 03/26/2024 | 0.02643 | — | — | |
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.21838 | — | — | |
Record Date09/24/2024 Ex Date09/24/2024 Pay Date10/01/2024 Income Dividend0.03328 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/25/2024 Ex Date06/25/2024 Pay Date07/02/2024 Income Dividend0.15286 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.02643 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.21838 Short-Term Capital Gain— Long-Term Capital Gain— |
TZA Direxion Daily Small Cap Bear 3X Shares
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
---|---|---|---|---|---|---|
09/24/2024 | 09/24/2024 | 10/01/2024 | 0.14749 | — | — | |
06/25/2024 | 06/25/2024 | 07/02/2024 | 0.23275 | — | — | |
03/20/2024 | 03/19/2024 | 03/26/2024 | 0.23558 | — | — | |
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.11062 | — | — | |
Record Date09/24/2024 Ex Date09/24/2024 Pay Date10/01/2024 Income Dividend0.14749 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/25/2024 Ex Date06/25/2024 Pay Date07/02/2024 Income Dividend0.23275 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.23558 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.11062 Short-Term Capital Gain— Long-Term Capital Gain— |
Documents
How to Trade
ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.
We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.
Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.
Operational Updates
- 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Direxion ETF Alerts
Documents & Downloads
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