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Direxion Daily Technology Bear 3X SharesDirexion Daily Technology Bear 3X SharesDirexion Daily Technology Bear 3X Shares

Direxion Daily Technology Bear 3X Shares

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TECS chart



Key stats


Assets under management (AUM)
‪109.90 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
6.86%
Discount/Premium to NAV
—
Shares outstanding
‪5.84 M‬
Expense ratio
1.00%

About Direxion Daily Technology Bear 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Home page
direxion.com
Inception date
Dec 17, 2008
Structure
Open-Ended Fund
Index tracked
S&P Technology Select Sector
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US25461A4940
TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Indexa market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLKthe Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with just a few names comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehiclenot a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. It is important to clearly understand the risks of utilizing such leverage. In addition, this product should only be utilized by those who actively manage their investments.

Broaden your horizons with more funds linked to TECS via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Information technology
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Committee

TECS analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

TECS news



Ideas



See all ideas 

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TECS assets under management is ‪109.90 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TECS invests in cash. See more details in our Analysis section.
TECS expense ratio is 1.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
TECS is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
Yes, TECS pays dividends to its holders with the dividend yield of 6.86%.
TECS shares are issued by Rafferty Asset Management LLC
TECS follows the S&P Technology Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 17, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.