Direxion Daily Small Cap Bull 3x Shares TNA
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Direxion Daily Small Cap Bull 3x Shares (TNA) Investment Strategy and Portfolio Holdings Overview
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.
Key Insights
Direxion Daily Small Cap Bull 3x Shares (TNA) Essential ETF Metrics and Performance Data
Latest Closing Price
$41Market Cap
$1.92 BillionAverage Daily Volume
14,285,353 Shares52-Week Range
$18.01-$58.00Total Outstanding Shares
52 Million SharesCurrent Dividend
$0.15 Per Share QuarterlyInception Date
November 5, 2008