TECS

Direxion Daily Technology Bear 3x Shares

$17.74

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

The Direxion Daily Technology Bear 3x Shares (TECS) seeks to provide daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Technology Select Sector Index.

Overview

ETF tracking Direxion Daily Technology Bear 3x Shares

Category Leveraged

Issuer Other

Inception Date 2008-12-17

Market Cap N/A

Average Volume N/A

Dividend Yield 7.28%

52-Week Range $15.17 - $90.75

VWAP $18.00

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

TECS uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired inverse leveraged exposure to the Technology Select Sector Index. The fund rebalances its portfolio on a daily basis to maintain the target -3x leverage.

✨ Key Features

Provides -3x daily leveraged exposure to the technology sector
Designed for short-term, speculative trading rather than long-term investment
Rebalances portfolio daily to maintain target leverage
Relatively high expense ratio compared to non-leveraged ETFs

⚠️ Primary Risks

Significant daily rebalancing risk due to leverage, which can magnify losses
Potential for large and unexpected losses, especially during periods of high volatility
Tracking error risk, as the fund may not perfectly match the -3x daily performance of the index
Counterparty risk associated with the use of derivatives and other financial instruments

👤 Best For

TECS is intended for experienced, risk-tolerant investors with a short-term trading horizon who are seeking to profit from a decline in the technology sector. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.