This said, we have seen the presence of opportunistic call buyers on several sessions in the past week or so in IWM, which provides further evidence of the sudden migration of institutional assets into small cap names.
In activity that is also likely linked to the recent flows in IWM and UWM, Direxion Daily Small Cap Bull 3X (NYSEArca: TNA), trading volume has also picked up considerably.
TNA is a leveraged long ETF designed to provide three times the daily returns of the Russell 2000 Index Currently, top holdings in the Russell 2000 Index are not exactly household names and are as follows: PCYC (0.31%), TWO (0.28%), ATHN (0.27%), HMSY (0.25%), and CBST (0.25%).
Direxion Daily Small Cap Bull 3X
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