58.25 -0.10 (-0.17%)
After hours: 4:45PM EDT
|Bid||58.12 x 800|
|Ask||58.22 x 800|
|Day's Range||57.83 - 59.31|
|52 Week Range||35.33 - 71.52|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||38.53%|
|Beta (3Y Monthly)||3.64|
|Expense Ratio (net)||1.14%|
Perhaps surprisingly, there has not been any unusual activity recently in the Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA). TZA is designed to deliver triple the daily inverse returns of the Russell 2000 Index. Sure, some of those companies can get away with mounting debt with interest rates being low, but in an environment where investors are prizing quality traits, big piles of liabilities could keep some investors away from small caps.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
The U.S. bull market will turn 10 with more room to run. The S&P 500 Index has quadrupled, rallying more than 300%, from the bear-market bottom hit on Mar 9, 2009.
The Zacks Analyst Blog Highlights: Direxion Daily S&P, Direxion Daily Regional Banks, Direxion Daily Aerospace, Direxion Daily Industrials and Direxion Daily Small Cap
The Russell 2000 Index is snapping out of its fourth-quarter slump. After tumbling in the last three months of 2018, leading small-cap stocks into a bear market, the Russell 2000 is up 10.5 percent to ...
One week into the new year, small caps have overtaken large caps, fueling gains for the Direxion Daily Small Cap Bull 2X ETF (SMLL) and the Direxion Daily Small Cap Bull 3X ETF (TNA) . As evidenced by the Russell 2000 and the S&P 500, both indexes have started to move past their 200-day moving averages in the last couple of trading sessions, but it's been the Russell 2000 that's been outpacing the S&P thus far. Small caps led the way on Monday as the Dow Jones Industrial Average gained over 200 points, while SMLL rose 3 percent and TNA rose 6 percent.
The Russell 2000 Index, one of the most widely gauges of domestic small-cap stocks, tumbled 2.55 percent Monday. The Russell 2000 is sporting a fourth-quarter loss of over 19 percent. TNA tries to deliver triple the daily returns of the Russell 2000, a strategy that is not working these days as highlighted by TNA's December decline of more than 24 percent.
One of the big stories from Wednesday's rally was the rebound in small-cap equities and exchange traded funds. The once thriving asset class entered the day scuffling with the iShares Russell 2000 ETF ...
For a good part of 2018, small-cap stocks and the related exchange traded funds were a popular trade as some market observers opined that the strong dollar and rising interest rates would benefit smaller equities. TNA looks to deliver triple the daily returns of the Russell 2000 Index. Furthermore, a stronger U.S. dollar and concerns over weaker global growth are also driving investors toward smaller company stocks that tend to earn most of their money from a still growing domestic economy.
By Chris Vermeulen via Iris.xyz The recent downside price rotation in the US Equities markets has been a blessing for skilled traders. The opportunities for profits are setting up all over the markets ...