TECL

Direxion Daily Technology Bull 3x Shares

$128.36

+0.00%

Market closed. Last update: 11:39 PM ET

📎 Investment Objective

The Direxion Daily Technology Bull 3x Shares ETF (TECL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the Technology Select Sector Index.

Overview

ETF tracking Direxion Daily Technology Bull 3x Shares

Category Technology

Issuer Other

Inception Date 2008-12-17

Market Cap $4.2B

Average Volume N/A

Dividend Yield 0.36%

52-Week Range $37.33 - $152.70

VWAP $126.26

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Technology Bull 3x Shares ETF (TECL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the Technology Select Sector Index.

🎯 Investment Strategy

The fund uses swap agreements and other financial instruments to gain leveraged exposure to the Technology Select Sector Index, which tracks the performance of large-cap U.S. technology companies. The fund rebalances its portfolio on a daily basis to maintain the 3x leverage target.

✨ Key Features

Provides 3x daily leveraged exposure to the technology sector
Seeks to outperform the underlying index on a daily basis
Utilizes derivatives and other financial instruments to achieve its leverage target
Rebalances portfolio daily to maintain 3x leverage

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying index
Compounding of returns may cause divergence from 3x target over longer holding periods
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to the technology sector and understand the risks associated with daily rebalancing and the use of derivatives. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.