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Leveraged & Inverse ETFs

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

NAV (Net Asset Value)$56.18As of Nov 11, 2024
1 Day NAV change$+2.37(+4.41%)As of Nov 11, 2024

TZA

NAV (Net Asset Value)$10.15As of Nov 11, 2024
1 Day NAV change$-0.46(-4.36%)As of Nov 11, 2024
TNADirexion Daily Small Cap Bull 3X Shares
Daily Target
+300%
Intra-day Value
TNA.IV
Daily NAV
$56.18
Daily Market Price
$56.28
Expense Ratio
(gross/net %)
1.08 / 1.08*
Daily Volume
12,488,453
Security Identifier
25459W847
Inception Date
Nov 05, 2008
TZADirexion Daily Small Cap Bear 3X Shares
Daily Target
-300%
Intra-day Value
TZA.IV
Daily NAV
$10.15
Daily Market Price
$10.12
Expense Ratio
(gross/net %)
1.04 / 1.04*
Daily Volume
27,022,573
Security Identifier
25460E232
Inception Date
Nov 05, 2008

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

  • TNA TZA Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • TNA Prospectus
  • TZA Prospectus
  • Daily Fund Holdings (csv)

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 11/11/2024.

TNA Direxion Daily Small Cap Bull 3X Shares
Net Asset Value (NAV)
$56.18Nav
$+2.37Change
+4.41%Change
Market Price Closing
$56.28Market
$+2.40Change
+4.45%Change
Premium / Discount
$+0.10Change from Last Day Trading
Premium/Discount tool
TZA Direxion Daily Small Cap Bear 3X Shares
Net Asset Value (NAV)
$10.15Nav
$-0.46Change
-4.36%Change
Market Price Closing
$10.12Market
$-0.46Change
-4.35%Change
Premium / Discount
$-0.03Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
TNA NAV
-5.84
-12.88
6.55
85.49
-22.86
-6.39
1.39
7.88
1.08 / 1.08*
11/05/2008
TNA Market Close
-5.84
-13.31
6.43
85.42
-22.89
-6.39
1.40
7.89
1.08 / 1.08*
11/05/2008
TZA NAV
4.67
4.64
-26.77
-61.41
-17.33
-46.43
-38.97
-48.40
1.04 / 1.04*
11/05/2008
TZA Market Close
4.59
5.07
-26.66
-61.40
-17.32
-46.44
-39.01
-48.40
1.04 / 1.04*
11/05/2008

As of October 31, 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
Vaxcyte
0.61%
Ftai Aviation Ltd
0.50%
Insmed
0.43%
Sprts Frmr Mkt/D
0.42%
Fabrinet
0.32%
Applied Industrial Technologies
0.32%
Mueller Industries
0.31%
Fluor
0.30%
Ensign Group
0.30%
Ufp Packaging Llc
0.30%

Index Sector Weightings

% of Total
Financials
17.97%
Health Care
17.61%
Industrials
17.03%
Information Technology
12.79%
Consumer Discretionary
10.03%
Real Estate
6.49%
Energy
5.27%
Materials
4.52%
Utilities
2.84%
Consumer Staples
2.77%
Communication Services
2.68%
Index data as of 09/30/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

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 DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
09/24/202409/24/202410/01/20240.03328
06/25/202406/25/202407/02/20240.15286
03/20/202403/19/202403/26/20240.02643
12/22/202312/21/202312/29/20230.21838
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 DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
09/24/202409/24/202410/01/20240.14749
06/25/202406/25/202407/02/20240.23275
03/20/202403/19/202403/26/20240.23558
12/22/202312/21/202312/29/20230.11062
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

Tax Documents

Download the following Tax Reporting 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

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

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