TNA is trading at $70.40 (-2.10%) as small-cap stocks face pressure from rising Treasury yields and renewed Fed rate-hike fears.
- As a 3x leveraged Russell 2000 ETF, the fund is experiencing amplified losses compared to the broader market due to its high sensitivity to interest rate expectations.
- Market sentiment remains cautious with major U.S. indexes trending lower as investors await the release of FOMC minutes for further policy direction.