TZA — Direxion Daily Small Cap Bear 3X Shares
Direxion Daily Small Cap Bear 3X Shares (ticker: TZA) is a equity ETF issued by Rafferty Asset Management tracking Russell 2000 Index (-300%). It was launched on 2008-11-05.
About TZA
The Direxion Daily Small Cap Bear 3X Shares (TZA) is an inverse equity ETF. It seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 2000 Index. The fund holds 11 positions, including a significant allocation to Dreyfus Govt Cash Man Ins and Goldman Finl Sq Trsry Inst.
Investors might consider TZA for short-term tactical exposure to the small-cap segment of the U.S. equity market, aiming to profit from daily declines. It is designed for investors with a high-risk tolerance who understand the complexities of leveraged and inverse funds.
- Inverse exposure to the Russell 2000 Index with 3x leverage.
- AUM of $276M and an expense ratio of 1.04%.
- Average daily volume of 220,262,054.
- Holds 11 positions, primarily including cash management products and swaps.
- Suitable for short-term tactical trading to potentially benefit from downward movements in U.S. small-cap equities.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -2.55% |
| 1 Week | 4.33% |
| 1 Month | -1.29% |
| 3 Months | -34.57% |
| 6 Months | -36.48% |
| YTD | -39.01% |
| 1 Year | -63.54% |
| 3 Years | -81.23% |
| 5 Years | -81.69% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 68.15% |
| 2 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 68.15% |
| 3 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 68.15% |
| 4 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.45% |
| 5 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.45% |
| 6 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.45% |
| 7 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.45% |
| 8 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.32% |
| 9 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.32% |
| 10 | DREYFUS GOVT CASH MAN INS | X9USDDGCM | 58.32% |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Vanilla |
| Structure | ETF |
| Category | Inverse Equities |
| Segment | Inverse Equity: U.S. - Small Cap |
| Region | North America |
| Index Tracked | Russell 2000 Index (-300%) |
| Inception Date | 2008-11-05 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | TZA |
|---|---|
| Full Name | Direxion Daily Small Cap Bear 3X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $232.22M |
| Inception | 2008-11-05 |
| Index Tracked | Russell 2000 Index (-300%) |
Frequently Asked Questions
What does TZA track?
TZA (Direxion Daily Small Cap Bear 3X Shares) tracks Russell 2000 Index (-300%), a equity benchmark.
What is the expense ratio of TZA?
TZA has an expense ratio of 0.01% per year.
What is the AUM of TZA?
TZA has approximately $232.22M in assets under management.
Does TZA pay a dividend?
TZA distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues TZA?
TZA is issued by Rafferty Asset Management under the Direxion brand, launched on 2008-11-05.
Open the interactive TZA dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.