22-Jul-2026
No press releases found.
TNA Bullish Call Spread is Undervalued at $2.98
Market Chameleon (Thu, 25-Jul 6:36 AM ET)
The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Russell 2000 Index (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 and current index membership. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily leveraged exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically inverse leveraged investment results.
Direxion Daily Small Cap Bull 3X ETF trades on the ARCA stock market under the symbol TNA.
As of July 22, 2026, TNA stock price declined to $69.69 with 3,076,556 million shares trading.
TNA has a beta of 3.00, meaning it tends to be more sensitive to market movements. TNA has a correlation of 0.56 to the broad based SPY ETF.
TNA has a market cap of $1.36 billion. This is considered a Small Cap stock.
In the last 3 years, TNA traded as high as $76.84 and as low as $18.01.
TNA has outperformed the market in the last year with a return of +90.5%, while the SPY ETF gained +20.0%. In the last 3 month period, TNA beat the market returning +15.3%, while SPY returned +5.4%. However, in the most recent 2 weeks TNA has underperformed the stock market by returning -0.2%, while SPY returned +0.3%.
TNA support price is $69.59 and resistance is $73.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNA shares will trade within this expected range on the day.
