Direxion Daily Small Cap Bull 3X Shares V.TNA

Primary Symbol: TNA

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.

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Direxion Daily Small Cap Bull 3X Shares > Update from Leonard

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Comment by Thedondomon Mar 31, 2020 4:37pm

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Post# 30865860

RE:RE:RE:RE:Update from Leonard

Anon is for sure connected to one of the directors, either a family member or friend. They've added since the end of 2018, at least 4-5 million shares, somewhere in that range. Given that management owns close to 80% of the stock, there's really not a lot of retail float left. That's why I'm not sure why Len/Steve/Tom don't just sell it for 60 cents and call it a day. All those guys are 70+ years old, how many millions do they want? Can't take it with them to the other side.

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