Discussion in 'ETFs' started by surfer25, Jun 7, 2010.
Can anyone tell me how TNA gets its 300% action? It appears to be 80% stocks.
See "Principal Investment Strategies" on pg 61 of the prospectus ... http://www.direxionshares.com/document/regulatory_documents.html
on the direxion shares homepage, click ETFs, then scroll down to the blue "daily holdings all funds" button.
This has been discussed many times here and elsewhere:
80% stock basket
220% index swaps
Not sure what 220% refers to, but as I suspected, it is not 80% stocks if you examine it closely.
its more like 85% stocks. the example I used was 80% stocks, 220% swaps, 80+220=300, there is your leverage.
Use the search button this has been covered many times
Separate names with a comma.