About Direxion Daily Small Cap Bull 3X Shares (TNA)

The Direxion Daily Small Cap Bull 3X Shares (TNA) is an exchange-traded fund (ETF) that seeks to provide 3 times the daily performance of the Russell 2000 Index, which represents small-cap stocks in the US. This means that if the index increases by 1%, TNA should increase by 3%, and vice versa. It is important to note that TNA is a leveraged ETF, which means it uses financial derivatives and debt to amplify the returns of the index it tracks. With this increased potential for returns come higher risks as well.

TNA has a market cap of approximately $1.2 billion, as of the latest available data. This makes it a relatively small ETF compared to some of the larger ones in the market. The ETF has a PEG ratio of N/A, as it does not have a consistent earnings growth rate. Additionally, comparing TNA to the industry is not straightforward, as it is a leveraged ETF that aims to provide amplified returns rather than replicate the performance of a specific industry. The 52-week range of TNA is $17.52 to $83.69, which shows the volatility of this ETF.