Is TNA a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

1,988 people get TNA articles and Market Currents by email alert.

Get email alerts on TNA »

HEADLINES:

Thursday Already? Earnings Week Is Too Much Fun
Philip Davis • Thu, Apr 25 • 2 Comments
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
SMID-Caps: Where The Real Chance For Alpha Lies
AllianceBernstein • Sun, Mar 31 • 13 Comments
Best And Worst ETFs And Mutual Funds: Mid-Cap Growth Style
David Trainer • Fri, Mar 1
Best And Worst ETFs And Mutual Funds: Large-Cap Value Style
David Trainer • Tue, Feb 26 • 2 Comments
Time Investment Means More To Your Portfolio's Performance Than Capital Investment
Peter F. Way • Mon, Feb 18 • 12 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
Best And Worst ETFs And Mutual Funds: Consumer Discretionary Sector
David Trainer • Wed, Feb 13
Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 2 Comments
Best And Worst ETFs And Mutual Funds: Materials Sector
David Trainer • Tue, Feb 12
Best And Worst ETFs And Mutual Funds: Energy Sector
David Trainer • Tue, Feb 12 • 2 Comments
Best And Worst ETFs And Mutual Funds: Information Technology Sector
David Trainer • Thu, Feb 7 • 2 Comments
Best And Worst ETFs And Mutual Funds: Consumer Staples Sector
David Trainer • Wed, Feb 6 • 1 Comment
Can Active Investing Beat The Market?
Macro Investor • Tue, Jan 29 • 150 Comments
Profitable Pursuit Of Political Procrastination
Peter F. Way • Wed, Jan 9 • 11 Comments
An Almost Risk-Free Way For Annual Return Of 50%+
Macro Investor • Sat, Dec 15, 2012 • 111 Comments
The Beauty Of Credit Spreads
Andrew Crowder • Wed, Dec 12, 2012 • 5 Comments
10 Ways You Can Profit From The Fiscal Cliff
Christopher F. Davis • Fri, Dec 7, 2012 • 9 Comments
9 Ways To Profit From Falling Off A Fiscal Cliff Or A Last Hour Deal In Washington
Christopher F. Davis • Sat, Nov 24, 2012 • 25 Comments
Best And Worst ETFs And Mutual Funds: Large Cap Value Style
David Trainer • Tue, Nov 6, 2012 • 1 Comment

To learn more about Seeking Alpha Pro, click here.

Selling 60% of Direxion Small Cap Bull 3X
TraderMark • Tue, Jul 13, 2010 • 4 Comments
Leveraged ETFs: A Seeking Alpha Expert Panel
SA Editors • Wed, Nov 11, 2009 • 10 Comments
What Happens When You Hold Leveraged ETFs for More than One Day?
Marc Gerstein • Wed, Mar 25, 2009 • 22 Comments

Thursday Already? Earnings Week Is Too Much Fun
Philip Davis • Thu, Apr 25 • 2 Comments
Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea?
Ypa Finance • Tue, Apr 2 • 27 Comments
SMID-Caps: Where The Real Chance For Alpha Lies
AllianceBernstein • Sun, Mar 31 • 13 Comments
Best And Worst ETFs And Mutual Funds: Mid-Cap Growth Style
David Trainer • Fri, Mar 1
Best And Worst ETFs And Mutual Funds: Large-Cap Value Style
David Trainer • Tue, Feb 26 • 2 Comments
Time Investment Means More To Your Portfolio's Performance Than Capital Investment
Peter F. Way • Mon, Feb 18 • 12 Comments
Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided
Swedish Speculator • Fri, Feb 15 • 142 Comments
Best And Worst ETFs And Mutual Funds: Consumer Discretionary Sector
David Trainer • Wed, Feb 13
Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 2 Comments
Best And Worst ETFs And Mutual Funds: Materials Sector
David Trainer • Tue, Feb 12
Best And Worst ETFs And Mutual Funds: Energy Sector
David Trainer • Tue, Feb 12 • 2 Comments
Best And Worst ETFs And Mutual Funds: Information Technology Sector
David Trainer • Thu, Feb 7 • 2 Comments
Best And Worst ETFs And Mutual Funds: Consumer Staples Sector
David Trainer • Wed, Feb 6 • 1 Comment
Can Active Investing Beat The Market?
Macro Investor • Tue, Jan 29 • 150 Comments
Profitable Pursuit Of Political Procrastination
Peter F. Way • Wed, Jan 9 • 11 Comments
An Almost Risk-Free Way For Annual Return Of 50%+
Macro Investor • Sat, Dec 15, 2012 • 111 Comments
The Beauty Of Credit Spreads
Andrew Crowder • Wed, Dec 12, 2012 • 5 Comments
10 Ways You Can Profit From The Fiscal Cliff
Christopher F. Davis • Fri, Dec 7, 2012 • 9 Comments
9 Ways To Profit From Falling Off A Fiscal Cliff Or A Last Hour Deal In Washington
Christopher F. Davis • Sat, Nov 24, 2012 • 25 Comments
Best And Worst ETFs And Mutual Funds: Large Cap Value Style
David Trainer • Tue, Nov 6, 2012 • 1 Comment

There are no Transcripts on TNA.

ETF Focus: Top ETFs show extent of market rout

at MarketWatch.com (Sep 22, 2011)
Power Rankings: Extreme Reflation Bets

at CNBC.com (Nov 4, 2010)

TNA vs. ETF Alternatives

TNA Description

The Small Cap Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 2000® Index ("Small Cap Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Core Building Blocks: A Guide to ETFs That Divide the U.S. Stock Market by Market Cap
Asset Class Performance: Market Cap

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, May 9, 3:24 PM "Our enthusiasm is clearly a notch below where we were at the beginning of the year," write Credit Suisse analysts, starting to see a bit of froth creep into small caps. At 16.4x earnings, the Russell 2000 (IWM) "has admittedly lost its valuation appeal." For now, they're buyers on dips, but should the index near the 1,000 level, valuation pressure will really start to be felt. 3 Comments
Wednesday, May 1, 2:23 PM "The canaries in the market coal mine are gasping for air," says CNBC's Melissa Lee, as mild declines in the Dow (DIA -0.5%) and Nasdaq (QQQ -0.2%) belie sharp drops in small caps (IWM -1.8%) and mid caps (MDY -1.1%). The S&P 500 has widened its lead over the Russell 2000 to about 200 basis points YTD. 1 Comment
Friday, April 26, 9:26 AM Small-caps have a fan in Goldman Sachs which is out with a report today forecasting a 14% gain in the Russell 2000 (IWM) over the next 12 months vs. just 6% for the S&P 500 (SPY). The S&P is outperforming YTD by about 50 bps. 2 Comments
Monday, April 15, 12:38 PM The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret. 1 Comment
Sunday, April 14, 8:25 AM The reconstitution of the Russell indexes coming up in June, Credit Suisse aims to anticipate who's in and who's out. The rules-based approach of the Russell 2000 has allowed arbitragers to profit each summer by front-running the moves, making the Russell 2000 ETF (IWM) a poorer play for small cap fans than IJR . Expected among the top 25 adds are ARCP, SRPT, PBYI, ACAD, and WSTC. Among the top 25 deletes: CPST, FCEL, CHKE, OMER, and EML. Comment! [Quick Ideas]
Wednesday, April 3, 8:00 AM Something for the technicians to have a look at is this chart from ukarlewitz noting small-caps (IWM) have joined the industrials (XLI) and semiconductors (SMH) in slipping below their long-term uptrend line. Oversold in an uptrend tends to get bought, he says. It's a key time. 3 Comments
Monday, April 1, 1:32 PM Technicians spot a troubling divergence, with the Russell 2000 (IWM) falling 1.3% to start the new quarter while the DJIA (DIA) remains flat. Some believe small-caps lead - both on the way up as with the current bull run, and on the way down - and today's relative decline continues a pattern begun last week. 2 Comments
Tuesday, March 26, 1:27 PM Small-cap stocks are set to outperform, according to Goldman research showing the IWM outperforms the SPY by an annualized 8.1% in quarters following a steep drop in the VIX. The "acute" decline in the VIX YTD "provides a tailwind to small-cap performance in 2Q13." A must-read for small cap index fans is SA author Ploutos' piece suggesting IJR is your best bet. 3 Comments [Quick Ideas]
Friday, March 22, 12:29 PM Lagging the solid rise in stocks today are small caps, the Russell 2000 (IWM) up 0.1% while the S&P 500 and Nasdaq post better than 0.5% gains. Thus far in 2013, IWM is about level with the S&P, but is about 300 bps better on a Y/Y basis. IJR - maybe better for small cap fans - has outperformed both. Comment!
Thursday, March 14, 12:48 PM The VIX is low, but it's not at an all-time low. Small cap volatility, however, hits what looks like a record low with the Russell 2000 (IWM, IJR) VIX declining to 13.97, says Stifel's Dave Lutz. For the year, the IWM is up 12%, outpacing the SPY by more than 200 basis points. Comment!
Monday, March 4, 8:53 AM Direxion Shares sets splits - regular or reverse, as necessary - on 16 triple-leveraged ETFs to put each fund's price at "a level more attractive to investors following several months of rallying equities market(s)." Those affected: ERY, YANG, EDZ, TECS, NUGT, FAZ, TZA, MIDZ, FAS, RETL, EDC, SPXL, DRN, LBJ, TYD, TNA. Comment!
Tuesday, February 19, 9:10 AM Owners of the Russell 2000 ETF (IWM) may be able to declare arbitragers as dependents on their tax returns. Sharp traders have been gaming the rules-based rebalancing of the popular small-cap index for sweet profits each summer. Small-cap fans should instead take a look at IJR - it's performed better thanks to inclusion rules that may make more sense and are less likely to be arbitraged. Comment! [Quick Ideas]
Friday, February 15, 3:41 AM PowerShares expands its Low Volatility ETF suite with 2 new ETFs: S&P MidCap Low Volatility (XMLV) and S&P SmallCap Low Volatility (XSLV). The ETFs come with a 0.25% expense ratios, in line with counterpart IDLV (0.25%) and SPLV (0.25%), and slightly less than EELV (0.29%). Over the recent 1-year period, SPLV returned 16.36%, 68 basis points better than SPY, with an SD of just 8.6% vs. 12.8% for SPY. (pdf) 1 Comment
Thursday, February 14, 10:46 AM A strong January forced short-sellers to cover their bets in several prominent ETFs, with both SPY and IWM seeing an 11% reduction in the percentage of their float shorted. The MSCI EAFE Index Fund (EFA) - with heavy exposure to Europe - saw a 24% reduction in shorts. Seeing an increase in activity is the SPDR Retail ETF (XRT) - 259% of the fund's float is now being shorted. Comment!
Wednesday, February 13, 10:42 AM Calling it "macro protection trading," Susquehanna's Chris Jacobson is seeing some take advantage of the low cost of SPY and Russell 2000 (IWM) options to get defensive. Popular is the "put butterfly" which works best in a slow grind lower. He's also seeing "calendar spreads" which protect against a selloff, but then make an owner a buyer if stocks fall too far. 2 Comments
Friday, February 8, 12:23 PM Large inflows into stock mutual funds continue, with the amount since the year's start now at $24.9B, according to Lipper, the strongest run since April 2000. Do ETF flows show even more of a move towards risk? The mighty SPY moves from first to last, losing $3B in AUM last week, while the Russell 2000 Index (IWM) and the Real Estate ETF (IYR) jumped to the top. 9 Comments

inandoutnevertoolate
Short 750 $TNA at 50.51
Fri, 2:59 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
New Downgrades (4/2/13): $SGOL, $SLW, $SPXL, $STNR, $TKR, $TNA, $TOL, $TREX, $TSO, $UAL, $UGL, $UNXL, $WDFC, $WGO, $XOP
Apr 3, 1:16 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Potential Upgrades (3/5/13): $RYL, $SAP, $SHLD, $SVXY, $TNA, $TRIP, $ULTA, $VMC, $WWW
Mar 6, 12:00 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Perkins Cove
$TNA, $TZA, $FAS, $FAZ, and more Direxion....heads up, splits coming.... http://bit.ly/10c1vxy
Mar 5, 7:56 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Hedgephone
Just bought 15 $TNA March 86 puts and shorted some $CRM... Hate being bearish, HATE it, but math is math http://bit.ly/giUywb
Feb 7, 4:08 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Christopher F. Davis
$TZA ready to explode on a sell-off we all know is coming. Could short $SPXL or $TNA too
12/7/12
Reply (4)

• !Report Abuse
View all 4 replies
jjsefton: You're smart for hedging. Me, Im up to my ears in SQQQ & TZA just waiting on The Matrix to defeat Neo haha
12/7/12
• !Report Abuse
jvastola: i'm in at 16.41 and 14.89 for a "net" of 15.85...though the markets seem to be breaking down the technical analysis bears.
12/11/12
• !Report Abuse
Add a reply...

140 characters

444
In TNA at 62.55, out at 63.14
10/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Earning myself some cake or snob-beer or something today. In TNA 62.46, out 62.84. In TZA 14.76, out 14.95.
10/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Trying to get my TNA chops back. Bought $62 tomorrow calls at 0.60, sold at 1.20. Schwing!
9/27/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Triple play today and I am out! TNA today: Bought 66.03, sold 66.20. Earlier 65.96 to 66.27 and before that, 66.08 to 66.28.
9/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

Christopher F. Davis
$TZA ready to explode on a sell-off we all know is coming. Could short $SPXL or $TNA too
12/7/12
Reply (4)

• !Report Abuse
View all 4 replies
jjsefton: You're smart for hedging. Me, Im up to my ears in SQQQ & TZA just waiting on The Matrix to defeat Neo haha
12/7/12
• !Report Abuse
jvastola: i'm in at 16.41 and 14.89 for a "net" of 15.85...though the markets seem to be breaking down the technical analysis bears.
12/11/12
• !Report Abuse
Add a reply...

140 characters

444
In TNA at 62.55, out at 63.14
10/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Earning myself some cake or snob-beer or something today. In TNA 62.46, out 62.84. In TZA 14.76, out 14.95.
10/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Trying to get my TNA chops back. Bought $62 tomorrow calls at 0.60, sold at 1.20. Schwing!
9/27/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Rinse and repeat until clean. Bought TNA at 65.96, sold at 66.27.
9/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
question: I was watching TNA bids and they're like 66.28. Suddenly it flashes $125.00 and back to 66.28 or so in a second. WTH?
9/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Bought TNA this morning at 66.08, sold at 66.28.
9/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Ring that register! 400 TNA bought at 62.92, sold at 63.29.
9/13/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
High-octane is my specialty. Me and my TNA, sittin' in a tree! -$103 for TNA and +$103 for me. (got out before it dropped like the dickens)
9/11/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
If I made money on longs today, I've gotten it down to a science, right? (TNA, how do I profit from thee - let me count the dollars)
9/10/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Bought 400 TNA at 57.17; stop at 57.21. Earlier bought 400 at 55.59, sold at 56.49.
9/4/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Bought 4 Aug24 TNA $58 calls at .65 (yesterday), sold at 1.55. Bought 400 TNA at 58.03, sold at 58.99.
8/21/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Made a few bucks on longs today. Bought TNA at 56.33; sold at 57.03. Bought 4 Aug24 $57 TNA calls at .90; sold at 1.15.
8/20/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
Bought 6 TNA Aug18 $56 calls at .50, sold at .85. Also bought 200 TNA at 54.05, sold at 56.27. (also there were 6 $55 calls @.58, sold .95)
8/16/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

444
I confess:(westcstinvst) I didn't honor my TNA stop but I was lucky enough to get my money back and come out on top. Bought 53.96 sold 54.51
8/15/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

TNA Direxion Russell 2000 Bullish 3X ETF

TNA

Direxion Russell 2000 Bullish 3X ETF