The Motley FoolT3·15mo ago
TNA Direxion Daily Small Cap Bull 3x ETF
ETF 52.71 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TNA
$52.71
—
Key stats
$52.71
- 52-Week Range
- $37.03 – $77.23
- YTD
- +12.34%
- IV Rank (30D)
- 46.46
- Straddle Price
- $7.96
- P/C Vol Ratio
- 1.98
- Open
- $55.76
- Day Range
- $52.37 – $56.01
- Volume
- 7,021,657
- Prev Close
- $55.51
About
Direxion Daily Small Cap Bull 3x ETF (TNA) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2008-11-05
- Has Options
- Yes
Fund profile
holdings as of Oct 15, 2026issuer datathrough Jul 2026flows, SEC filings
Resets to 3x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 3x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- —
- Assets
- $1.3B shares × price, Oct 15, 2026
- Trailing yield
- 0.32% paid quarterly
- Average daily volume
- $279M 30 sessions
- Holdings
- 12 top 10 are 300.0%
- Listed
- Nov 5, 2008 NYSE Arca
- Tracking difference
- -1.06 pts vs index, after fees, FY 2025
Costn/a
Liquidity100
Scale78
Diversificationn/a
Moves with. US large-cap stocks (57% of its variance, beta 2.97); Small caps over large (41% of its variance, beta 2.91). These factors explain 100% of its daily moves over the last year.
All 12 holdingsFlow historyOverlap toolAll Leveraged Equity ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$28M latest reported month
- Latest 3 months
- −$331M −25.0% of assets
- Latest 12 months
- −$1.9B −145.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$28M |
| Jun 2026 | −$134M |
| May 2026 | −$225M |
| Apr 2026 | −$372M |
| Mar 2026 | +$73M |
| Feb 2026 | −$40M |
| Jan 2026 | −$367M |
| Dec 2025 | −$195M |
| Nov 2025 | −$138M |
| Oct 2025 | −$259M |
| Sep 2025 | −$118M |
| Aug 2025 | −$174M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| TQQQProShares UltraPro QQQ | — | 0.84% | $35.9B | +46.0% | compare |
| SOXLDirexion Daily Semiconductor Bull 3X ETF | — | — | $16.5B | +193.1% | compare |
| QLDProShares Ultra QQQ | — | 0.95% | $14.6B | +36.2% | compare |
| SSOProShares Ultra S&P500 | — | 0.89% | $8.9B | +28.2% | compare |
| SPXLDirexion Daily S&P 500 Bull 3x ETF | — | — | $7.2B | +40.2% | compare |
The largest other funds in the Leveraged Equity category.
Look-through: what the holdings say
weights as of Oct 15, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +12.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 7 active of 7 with agreements; top 3 did 80%
- Created · redeemed
- $2.9B · $3.5B over the fiscal year
- Redemptions in kind
- 61% creations 61% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.25% of assets on loan on average; earned 1.6 bp
- Return vs index
- -1.06 pts after fees; -0.07 before
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-15
Holdings
12
AUM
$4.1B
Provider
Direxion
Inception
2008-11-05
Exchange
ARCX
Data As Of
2026-10-15
Expense Ratio
—
Dividend Yield
0.32%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-22 | 2026-09-29 | $0.0419 | CD |
| 2026-06-23 | 2026-06-30 | $0.0875 | CD |
| 2026-03-24 | 2026-03-31 | $0.0200 | CD |
| 2025-12-23 | 2025-12-31 | $0.0303 | CD |
| 2025-09-23 | 2025-09-30 | $0.0723 | CD |
| 2025-06-24 | 2025-07-01 | $0.1496 | CD |
Asset Allocation
Top Holdings
top 12 of 12 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IWM | ISHARES RUSSELL 2000 ETF | 69.45% | Equity (US) | US |
| — | RTY SWAP ASSET LEG | 50.39% | Derivative | — |
| — | RTY SWAP ASSET LEG | 44.93% | Derivative | — |
| — | RTY SWAP ASSET LEG | 41.27% | Derivative | — |
| — | RTY SWAP ASSET LEG | 35.96% | Derivative | — |
| — | RTY SWAP ASSET LEG | 26.97% | Derivative | — |
| — | RTY SWAP ASSET LEG | 18.87% | Derivative | — |
| — | DREYFUS GOVT CASH MAN INS | 17.16% | Cash/Money Market | — |
| — | RTY SWAP ASSET LEG | 12.16% | Derivative | — |
| — | GOLDMAN SACHS FIN GOV 465 INSTITUT | 7.87% | Cash/Money Market | — |
| — | GOLDMAN FINL SQ TRSRY INST 506 | 3.15% | Cash/Money Market | — |
| — | DREYFUS TRSRY SECURITIES CASH MGMT | 1.70% | Cash/Money Market | — |
Non-Equity Breakdown
Direxion Daily Small Cap Bull 3X Shares ·
NPORT-P period 2026-04-30
(filed 2026-06-29)
Net assets:
$1.50B
· 12 total positions
· equity 69.97%
· non-equity 48.53%
Non-equity holdings
— 11 positions,
48.53% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 31.74% | $476.3M | 4 |
| Derivative (equity) | 16.78% | $251.8M | 7 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 18.40% | -30.30% | 32.49% | -11.72% | 5.82% | 12.13% | 4.47% |
| Feb | 9.66% | -1.62% | -10.95% | 10.21% | -13.26% | -2.40% | -1.39% |
| Mar | -8.84% | 7.40% | -16.66% | 5.71% | -14.19% | -18.62% | -7.53% |
| Apr | 0.76% | -30.37% | -6.89% | -18.59% | -12.93% | 36.19% | -5.31% |
| May | -1.82% | -5.99% | -4.62% | 13.11% | 12.15% | 10.61% | 3.91% |
| Jun | 1.41% | -23.95% | 18.98% | -3.60% | 14.20% | 10.88% | 2.99% |
| Jul | -13.91% | 28.09% | 16.55% | 34.64% | 0.38% | -9.79% | 9.33% |
| Aug | 7.36% | -7.66% | -14.62% | 1.75% | 28.55% | -3.38% | 2.00% |
| Sep | -11.04% | -25.59% | -20.63% | 10.41% | 10.02% | -12.88% | -8.29% |
| Oct | 7.35% | 23.50% | -16.96% | -1.65% | 2.55% | -9.70%* | 0.85% |
| Nov | -19.55% | 3.03% | 24.61% | 31.75% | 1.86% | -- | 8.34% |
| Dec | 12.58% | -19.71% | 25.92% | -24.88% | 0.35% | -- | -1.15% |
| Total | -5.08% | -67.04% | 6.92% | 34.42% | 30.71% | 2.00% | 0.32% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $58.53
SMA 50: $65.41
SMA 200: $60.93
Current: $52.71
EMA 12: $56.78
EMA 26: $59.66
MACD: -2.8769 | Signal: -0.2259
BEARISH
ADX (14): 43.71
STRONG TREND
+DI: 11.40
−DI: 38.18
Momentum Oscillators
RSI (14): 30.73
NEUTRAL
Stoch %K: 13.50
Stoch %D: 16.65
Williams %R: -96.42
Volume & Volatility
BB Upper: $63.91
BB Lower: $53.15
OVERSOLD
OBV: 70,973,135
Vol SMA 20: 5,428,477
Vol ROC: 2.91%
ATR: $2.44
True Range: $3.64
HV 20: 43.9%
HV 30: 39.0%
HV 60: 41.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: TNA
Executive Summary: Overall Assessment: NEUTRAL (6/10) Key Drivers: Technical momentum signals, recent news sentiment Primary Risks: High volatility, beta >3.67, options market expectation of a $9.65 move by expiration
Investment Thesis: TNA has been consolidating within a range-bound environment, with technical momentum indicators flashing bullish signals. Recent news headlines have been predominantly negative, which may impact the stock's performance in the near term.
Recent News Sentiment Impact: The recent negative news headlines (1-3) have had a bearish impact on the stock price, contributing to its consolidation within a narrow range.
Technical Analysis:
Trend Direction:
- Short-term: Consolidation
- Medium-term: Uptrend
- Long-term: Uptrend
Support/Resistance Levels: The stock is trading near its upper Bollinger Band ($74.53), which may act as resistance. The 20-SMA and EMA levels (70.19, 70.05, 70.73) provide support.
Momentum Signals:
- RSI: Neutral (58.78)
- MACD: Bullish
- Bollinger Bands: Neutral
Volume Analysis: The stock's volume has been declining, indicating a lack of institutional interest and potential selling pressure.
News & Sentiment Analysis:
Recent Headlines Summary: The majority of recent headlines have been negative (1-3), which may impact the stock's performance in the near term. The positive headline (5) from 2024 highlights the sector's potential for growth.
Sentiment Assessment: Negative news sentiment has dominated, but the positive headline suggests there are underlying strengths to be exploited.
Catalyst Identification: No recent earnings announcements or product launches have been reported. However, the options market expectation of a $9.65 move by expiration may be a catalyst in itself.
Market Narrative: The stock's consolidation within a range-bound environment is influenced by negative news sentiment and high volatility. Technical momentum indicators are flashing bullish signals, which may indicate a potential breakout.
Risk & Volatility Assessment:
Beta Interpretation: High risk due to beta >3.67
Volatility Regime: Current vs historical volatility levels: High
Options Market Signals: IV Rank: Low (14.1%) Put/call ratios: 0.33 (Bullish sentiment)
Downside Protection: Support levels: SMA 20, EMA 12; Risk management considerations: Use stop-loss levels and position sizing strategies.
Market Context & Positioning:
Sector Performance: TNA is trading within a range-bound environment, similar to the broader market's performance.
Institutional Activity: Volume patterns suggest institutional interest has been waning, potentially contributing to the stock's consolidation.
Correlation Analysis: The stock moves relatively strongly with the market (R-squared interpretation).
Relative Valuation: Positioning: Neutral
Key Levels & Action Items:
Critical Price Levels:
- Support: SMA 20, EMA 12
- Resistance: Upper Bollinger Band ($74.53)
Breakout/Breakdown Levels:
- Breakout: Above upper Bollinger Band
- Breakdown: Below lower Bollinger Band
Time-Sensitive Catalysts: Earnings announcements or product launches may impact the stock's performance.
Risk Management: Use stop-loss levels and position sizing strategies to manage risk.
Generated
News
All TNA news →
The Motley FoolT3·15mo ago
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Showing 1–10 of 50
Page 1 of 5
TNA Options Activity & IV Rank
TNA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 63.0%
7-DTE IV: 55.2%
Expected Move: $7.96
7-DTE Move: $3.27
Days to Exp: 28 (2026-11-13)
Options Flow
Call Volume: 276
Put Volume: 546
P/C Volume: 1.978
BEARISH
Call OI: 373
Put OI: 1,677
P/C OI: 4.496
Total OI: 2,050
ATM Options Pricing
ATM Call: $4.20
ATM Put: $3.77
Call %: 8.0%
Put %: 7.1%
Chain Summary
Chain Volume: 35,179
Chain OI: 160,674
Last Updated: 10/16/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 7th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
7%
vs own history
GEX tilt
-0.28
OI-weighted, today
Vanna tilt
+0.04
δ-sensitivity to IV
Charm tilt
-0.27
δ-decay vs time
? What is this?
· 182 ATM contracts, 40k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 16 · ATM 61.2% / Wing —
30 DTE / 10d
100%
+26.2
pts
EXTREME
as of Oct 16 · ATM 57.2% / Wing 83.3%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)32.9MediumOct 16
IV Rank (30 DTE)46.5MediumOct 16
Straddle Price (30 DTE)$7.96Oct 16
Beta Analysis
Risk Metrics
Beta: 3.5253
Alpha: -26.52%
Correlation: 0.8239
R-Squared: 67.9%
Stock Volatility: 54.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
TNA Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
6 filers$327.69M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $141.17M | 43.08% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $114.11M | 34.82% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $40.27M | 12.29% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $31.82M | 9.71% | 2025-09-30 |
| 5 | HAP TRADING, LLC | $311.92K | 0.10% | 2025-09-30 |
| 6 | Belvedere Trading LLC | $15.02K | <0.01% | 2026-06-30 |
6 filers$399.11M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $170.15M | 42.63% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $151.06M | 37.85% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $56.31M | 14.11% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $21.55M | 5.40% | 2025-09-30 |
| 5 | HAP TRADING, LLC | $25.74K | <0.01% | 2025-09-30 |
| 6 | Belvedere Trading LLC | $7.51K | <0.01% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.64M
SI % of Float
11.52%
Days to Cover
1.00
Short Vol Ratio
49.0%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
TNA Constituent Performance
Click any bar to view the full quote for that stock.
TNA Constituents (1 of 1)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| IWM | ISHARES RUSSELL 2000 ETF | 69.45% | $270.44 | -1.69% | -3.05% | -4.81% |