"Irrespective of today's pullback in small caps, some experts might envision a boom in small-cap stocks, and perhaps you want to juice some extra profits if there's a bounce-back. There's no denying that a bet on small-cap growth might bring you amazing results. On the other hand, there are nuances to the Direxion Daily Small Cap Bull ETF that could impact your portfolio, so don't miss out on these crucial details."
"That's the de-risking principle behind owning an ETF that follows the price movements of the Russell 2000, which is a basket of around 2,000 small-cap stocks. This index covers a variety of economic sectors, from financials and healthcare to real estate and consumer staples. Thus, with the Direxion Daily Small Cap Bull ETF you'll get portfolio exposure to the thousands of small-cap stocks in the Russell 2000 index."
Direxion Daily Small Cap Bull ETF (TNA) magnifies daily price movements of the Russell 2000 at approximately 3x, resulting in outsized gains or losses. TNA recently declined 1.62% while the Russell 2000 fell 0.36%. The ETF provides diversified exposure to roughly 2,000 small-cap companies across sectors including financials, healthcare, real estate, and consumer staples. Holdings cited include Fabrinet, The Ensign Group, AeroVironment, and Brinker International. The leveraged structure increases portfolio risk and can cause returns to diverge from simple multiples over longer holding periods. Investors should read prospectus details and understand leverage mechanics before using TNA.
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