Key stats
About Direxion Small Cap Bear 3X Shares
Home page
Inception date
Nov 5, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
TZA offers (-3x) daily inverse exposure to US small-cap companies as defined by the Russell 2000. The underlying index specifically contains the 1001st through the 3000th securities pulled from the Russell 3000 index, which covers approximately 10% of its total market capitalization. The fund may invest in securities across various sectors and industry groups without any bias. Selected securities are then weighted by market-cap. The fund uses ETF and index swaps to get its inverse exposure. As a geared product with daily resets, TZA is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
The DXY and Yields are Still Set Up for a Bullish ReversalLast night, the DXY went below the PCZ of the Bullish Alt-Bat and bottomed out at the Demand Line of the channel it has been trading within, and at the same time, it formed a Bullish Butterfly with double PPO confirmation. Now it is back above the Moving Averages and on the rise. Meanwhile, the yiel
Bearish BAMM on the 3x Bearish Return IWM Bearish ETFThe 3x Bearish Return ETF for the IWM is currently showing Hidden Bearish Divergence on the weekly at the 55-week EMA, and it looks like if this Hidden Bearish Divergence plays out we will see the ETF fall below the B point and begin to accelerate its Bearish Wave Structure which would complete betw
"Continuation Wedge (Bullish)" chart pattern formed on Direxion1. "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Small Cap Bear 3x Shares . This bullish signal indicates that the stock price may rise from the close of $25.48 to the range of $37.00 - $38.75.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A
TZA - Small Cap Bear ETF - HEDGEDaily RSI bounced back just above 30 with a rising ADX indicator. Most everything seems to be at overbought conditions as Fed policy is still tightening. Yields up, Dollar up, speculative assets DOWN. Small caps don't stand a very good chance of profiting in a deflationary environment. Expecting
WHY INVERSE ETF IS NOT AN INVESTMENTSomeone asked me about TZA, the Russell 2k inverse bear fund etf. These inverse bear ETFs DO NOT CONTAIN STOCK. They hold only futures contracts, which continually EXPIRE, like options. These funds are effectively like put option substitutes, they suffer severe, continuous time decay.
Please obser
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.