TECLDirexion Daily Technology Bull 3x Shares
TECL Fund Description
The Direxion Daily Technology Bull ETF provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies.
TECL Factset Analytics Insight
TECL provides 3x levered exposure to the S&P Technology Select Sector Index, reset daily. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index (tracked in unlevered form by SSgA's XLK) consists of all tech companies in the S&P 500, including telecoms. This broad definition of the tech sector means TECL is less concentrated than its 2x rival ROM but retains a huge stake in Apple, Microsoft, and Alphabet. It also devotes about a fifth of its exposure to sectors our tech benchmark excludes, like telecoms and professional & commercial services. While management fees are steep, assets are strong. More importantly, liquidity is decent, and traders will encounter a lot of daily volume and small spreads.
TECL CHARTS AND PERFORMANCE
TECL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TECL. TECL is rated a 5 out of 5.