TNA is trading at $73.33, up 2.43%, as U.S. index futures rebound after the broad August 20 selloff.

  • S&P 500, Nasdaq, and Dow futures were higher in pre-market trading.
  • Russell 2000 ETF IWM was also up 0.67%, supporting a small-cap-led explanation.
  • Elevated Treasury yields and upcoming U.S. flash PMI data could affect rate expectations and small-cap valuations, tempering the rebound.