The Special Dividend Declared By Direxion Small Cap Bull 3X Shares (ETF)(NYSEARCA:TNA)


Dallas, Texas 12/30/2013 (FINANCIALSTRENDS) – Direxion Small Cap Bull 3X Shares (ETF)(NYSEARCA:TNA)recently declared a special dividend for its share holders. It was declared on 12th December, 2013. The dividend was credited to share holders account on 16th December, 2013. The dividend amount declared by the company was $1.19 per share. After the news the share price of TNA witnessed a dip of   1.21% and touched $66.13. The trading volume that was recorded was 7,479,146 shares and the 52 day low of Direxion Daily Small (TNA) is $28.90 and 52 week high of Direxion Daily Small (TNA) is $75.82. The 50 day moving average of TNA is $69.39 and 200 day moving average is $59.56.

Overview of Direxion Small Cap Bull 3X Shares (ETF)(NYSEARCA:TNA)

Direxion Small Cap Bull 3X Shares (ETF)(NYSEARCA:TNA) is speculative and highly leveraged investment option available right now. Many industry analysts are recommending that one should not hold this for long term and buy on dips and sell on rise is recommended. As mentioned above the fund has seen its share of volatility in the past 1 year and hence this strategy seems to be paying off to different investors. As per the data TNA is known to have created long positions and have invested at least 80 percent of its total assets in the securities.

An index called as Russell 2000 index is being used to measure the performance of the fund and have termed this fund in the risky category. Many industry analysts are telling investors that if you cannot regularly monitor the fund then they should invest in the fund as regular monitoring is required for this fund in order to make money. With heavy volumes in a single day there is a lot of volatility in this fund and one should adopt to a careful and cautious approach while investing in this fund.