Company Name:: Direxion Small Cap Bear 3X Shares
Benchmark Index: Russell 2000 Index
Ticker Symbol: TZA
Types of Companies Included: U.S. small-cap companies that are part of the Russell 2000 Index. The Russell 2000 consists of the smallest 2000 companies in the Russell 3000 index.
Daily Target: -3x
Short ETF: This ETF attempts to produce investment results in the opposite direction of the index. If the Russell 2000 Index goes up, the ETF is designed to go down. If the Russell 2000 Index goes down, the ETF is designed to go up.
Leveraged ETF: This ETF is a leveraged ETF which means the ETF attempts to produce daily returns above the daily benchmark index results based on a multiplier. In the case of this ETF, the multiplier is -3x meaning the ETF is attempting to achieve 300% of the opposite performance of the benchmark index.
Leverage Risk: Leveraged ETFs are widely regarded as instruments for sophisticated investors only. Substantial losses can occur in a short period of time. Leveraged ETFs should only be used by experienced investors who understand leverage risk and are willing to monitor their positions.
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