What’s in Direxion Small Cap Bull 3X Shares (ETF) After Today’s Bearish Options Activity?

 What's in Direxion Small Cap Bull 3X Shares (ETF) After Today's Bearish Options Activity?

In today’s session Direxion Small Cap Bull 3X Shares (ETF) (TNA) recorded an unusually high (82) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious TNA decrease. With 82 contracts traded and 1084 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: TNA170217P00070000 closed last at: $2.2 or 10.2% down. Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) has risen 48.95% since April 26, 2016 and is uptrending. It has outperformed by 43.69% the S&P500.

Direxion Daily Small Cap Bull 3X Shares , formerly Direxion Small Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 2000 Index (the Small Cap Index). The ETF has a market cap of $731.88 million. The Small Cap Index measures the performance of the small-cap segment of the United States equity universe, and consists of the smallest 2,000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of the Russell 3000 Index. It currently has negative earnings. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

More recent Direxion Small Cap Bull 3X Shares (ETF) (NYSEARCA:TNA) news were published by: Etfdailynews.com which released: “Stop Investing In Leveraged ETFs [Direxion Small Cap Bull 3X Shares (ETF …” on August 19, 2014. Also Etfdailynews.com published the news titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …” on May 15, 2014. Benzinga.com‘s news article titled: “Leveraged ETF Rebalancing: It’s Not As Bad As It Seems” with publication date: October 06, 2015 was also an interesting one.

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