SeekingAlpha · Nov 2, 2026
Leveraged ETF Watchlist For November With A Focus On TNA
The Direxion Daily Small Cap Bull 3X ETF aims for 3x daily Russell 2000 returns but suffers from significant leveraged decay. Read why TNA is a Hold.
TN
AMEX · TNA
Direxion Daily Small Cap Bull 3X Shares
Financial Services · Asset Management
$57.58
Up+$0.39 (+0.68%)
Updated Nov 3, 2026, 10:18 PM
SID Score
5.2/10
Composite research score
Smart Money
—
Institutional and insider signal
- Market cap
- 2.08B
- P/E ratio
- —
- Dividend yield
- 0.87%
- 52-week range
- $37.03 – $77.24
- Volume
- 4.57M
- Avg. volume
- 13.13M
Price performance · TNA
TNA price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Nov 2, 2026
TNA closed at $57.58 after 21 trading sessions, down 5.71% for the selected period.
- Last close
- $57.58
- Period change
- -5.71%
- Period low
- $52.71
- Period high
- $61.07
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Nov 2, 2026 | $59.135 | $60.08 | $57.43 | $57.58 | 4.57M |
| Oct 30, 2026 | $59.42 | $59.91 | $56.185 | $57.77 | 5.42M |
| Oct 29, 2026 | $59.765 | $61.55 | $59.61 | $60.80 | 5.58M |
| Oct 28, 2026 | $58.45 | $59.21 | $57.69 | $59.09 | 5.74M |
| Oct 27, 2026 | $57.04 | $58.5199 | $56.39 | $58.34 | 3.32M |
| Oct 26, 2026 | $55.97 | $57.52 | $55.86 | $56.42 | 3.4M |
| Oct 23, 2026 | $55.18 | $55.99 | $54.23 | $55.68 | 4.35M |
| Oct 22, 2026 | $55.17 | $56.68 | $54.985 | $56.34 | 4.48M |
| Oct 21, 2026 | $56.40 | $56.90 | $55.50 | $56.22 | 5.3M |
| Oct 20, 2026 | $53.32 | $56.44 | $53.16 | $55.78 | 5.75M |
| Oct 19, 2026 | $53.49 | $53.97 | $52.845 | $53.19 | 4.15M |
| Oct 16, 2026 | $55.76 | $56.01 | $52.37 | $52.71 | 7.02M |
| Oct 15, 2026 | $53.42 | $55.605 | $53.06 | $55.51 | 5.46M |
| Oct 14, 2026 | $54.65 | $55.29 | $52.77 | $53.39 | 6.99M |
| Oct 13, 2026 | $57.47 | $57.92 | $55.97 | $56.71 | 5.02M |
| Oct 12, 2026 | $57.81 | $58.2188 | $57.38 | $57.44 | 2.95M |
| Oct 9, 2026 | $57.645 | $58.685 | $57.21 | $58.11 | 4.25M |
| Oct 8, 2026 | $56.54 | $57.46 | $55.4301 | $57.30 | 7.07M |
| Oct 7, 2026 | $57.77 | $58.26 | $56.94 | $57.43 | 5.97M |
| Oct 6, 2026 | $61.72 | $61.8699 | $59.38 | $59.73 | 5.84M |
| Oct 5, 2026 | $60.16 | $61.605 | $58.9322 | $61.07 | 4.51M |
Latest TNA news
The latest Smart Investors Daily articles mentioning TNA.
Stock researchCompany · Overview
Company
Market Activity
Research & News
TNA research
Overview
Company profile and research snapshot.
Company profile
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization. The fund is non-diversified.
Analyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- —
- Implied upside
- —
- Analysts
- —
News briefing
Generated Nov 3, 2026, 7:09 PM
Why Is TNA Up Today?
Direxion Daily Small Cap Bull 3X Shares (TNA) gained 1.81% today, reflecting broader strength in small-cap equities and renewed investor interest in leveraged exposure to this market segment. The uptick appears driven by positive market sentiment toward small-cap stocks, with analyst coverage highlighting TNA as a notable entry on leveraged ETF watchlists for November positioning.
Bottom line: TNA's modest gain reflects short-term small-cap momentum, but investors should recognize this is a tactical trading vehicle, not an investment product. The fund's 3X leverage amplifies returns during favorable small-cap periods but creates significant downside risk and structural decay that erodes value over time—making it suitable only for experienced traders with strict position sizing and time limits.
SeekingAlpha · Jul 15, 2026
TNA: Small-Caps May Have Near-Term Turbulence Before Returning To Growth
Direxion Daily Small Cap Bull 3X ETF offers 3x daily exposure to the Russell 2000, benefiting from expected rate stability. Learn more about TNA ETF here.
SeekingAlpha · Mar 30, 2026
Oil Spike Lifts Recession Risk, But Outlook Still Depends On Broader Conditions
Higher energy costs stemming from disruptions in Middle East exports will spill over to the US to some degree. Gauging how much of a shock the economy will absorb is challenging.
SeekingAlpha · Feb 16, 2026
TNA: Small-Caps Gain Momentum Over Mega-Cap Growth
Direxion Daily Small Cap Bull 3x Shares ETF uses 3x leverage on Russell 2000 momentum and industrial growth for traders. Find out why TNA ETF is a buy.
AI research layers
Interpretive context generated from the platform’s current data sources.
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