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TZA

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1d
1w
1m

Analysis and statistics

  • Open
    10.4429$
  • Previous Close
    10.2075$
  • 52 Week Change
    --
  • Day Range
    0.24$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

TZA.US represents the Direxion Daily Small Cap Bear 3X Shares ETF. This Exchange Traded Fund (ETF) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 2000 Index. As a leveraged and inverse ETF, TZA is designed for short-term trading purposes and is not suitable for long-term investments, due to the effects of compounding, which can significantly erode returns over time, especially in volatile markets. It's used by investors seeking to profit from, or hedge against, a decline in the value of small-cap stocks.
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Factors

Volatility of the Russell 2000: TZA is designed to provide 3x inverse leverage to the Russell 2000. Increased volatility magnifies both gains and losses.

Market Sentiment: Bearish sentiment toward small-cap stocks in general will likely drive up demand and prices for TZA.

Interest Rates: Changes influence valuations and investor appetite, impacting TZA since it reflects market-wide sentiment.

Management Fees and Expenses: TZA has operating costs that erode returns over time, affecting share value.

Rebalancing Costs: TZA needs to rebalance frequently to maintain its target leverage, incurring transaction costs that affect its price.

Demand and Supply: Higher demand can cause it to trade at a premium to its net asset value; lower demand, a discount.

Economic Data: Weak economic indicators can make investors seek inverse ETFs like TZA, increasing demand.

Russell 2000 Performance: As a leveraged inverse ETF, TZA's price moves inversely, and by a multiple, to the index's daily return.

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