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.

ARCA:TNA - Post by User

Direxion Daily Small Cap Bull 3X Shares > Agreement posted

<< Previous

Bullboard Posts

Next >>

Comment by snajemon Sep 12, 2022 7:06pm

136 Views

Post# 34958076

RE:RE:RE:Agreement posted

winnerswing wrote: So it should bring the equivalent price to 72 CDN cents + 7 US cents * 1.3 = 81 cent CAD/share?

Nothing is certain and this is just my interpretation of the agreement. But it looks like they are allowed to make distributions under certain conditions, with the key one being to keep at least $28MM of cash.

the $0.07 estimate is a CDN value per share

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale