🔴 Small Cap Bull 3X ETF (TNA) is trading 2.2% down today on hawkish Fed minutes

TNA is trading at $72.93 (-2.16%) as July Federal Reserve minutes renewed pressure on small-cap equities.

• The decline reverses part of its $74.54 close on August 19.
• Several officials favored higher rates if inflation remains elevated; rising long-term Treasury yields are reducing risk appetite.
• These forces disproportionately weigh on rate-sensitive, leveraged small-cap exposure and align with broader weakness in U.S. equity indexes.