🔴 Small-Cap Leveraged Equity ETF (TNA) is trading 2.13% down today as higher yields pressure small caps

TNA is trading at $61.44, down 2.13% on September 16, 2026, as higher financing costs pressure the Russell 2000.

• The Federal Reserve raised rates 25 basis points to 3.75%-4.00%, while stronger-than-expected August retail sales reinforced expectations that rates may remain elevated.
• The 10-year Treasury yield remains near 5%, disproportionately weighing on debt-sensitive small-cap companies.
• The Russell 2000 recently underperformed broader equities during the yield surge, supporting a primarily macro-driven decline in TNA.