About Direxion Daily Small Cap Bear 3X Shares (TZA)

Direxion Daily Small Cap Bear 3X Shares (TZA) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000® Index. This ETF is designed to provide investors with a tool to capitalize on daily market declines in the small-cap segment of the U.S. equity markets. TZA aims to achieve its objective by investing in a variety of financial instruments that provide inverse exposure to the Russell 2000® Index. It seeks to achieve its investment objective by employing a combination of short positions, futures contracts, and other financial instruments.

TZA is a popular choice for investors who are interested in profiting from potential market downturns or hedging their small-cap exposure. As a 3X leveraged inverse ETF, it is designed to magnify the daily returns of its underlying index in the opposite direction. This means that if the Russell 2000® Index decreases by 1% on a given day, TZA should increase by approximately 3% on that same day, before fees and expenses.