TNA is trading 2.2% up today as U.S. small-cap stocks outperform the broader market following a solid ISM manufacturing PMI report signaling ongoing economic expansion.

  • The ETF, which targets 300% of the daily performance of the Russell 2000 Index, is benefiting from a rotation into domestically focused companies.
  • Positive economic data is providing a leveraged tailwind for the fund as major indices remain modestly positive.
  • The move reflects growing investor confidence in small-cap growth relative to the broader market.