TECLDirexion Daily Technology Bull 3X Shares
TECL Fund Description
TECL 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 MSCI ESG Analytics Insight
Direxion Daily Technology Bull 3X Shares has an MSCI ESG Fund Rating of AA based on a score of 7.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Technology Bull 3X Shares ranks in the 84th percentile within its peer group and in the 89th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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.