TECL Direxion 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. This broad definition of the tech sector means TECL contains names traditionally thought of in technology in addition to those in diversified telecommunications services, communications equipment, semiconductors, and office electronics. However, the portfolio is concentrated in just a few names. It is important to clearly understand the risks in using such leverage. In addition, this product should only be utilized by those who actively manage their investments.
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.