TECS

Direxion Daily Technology Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

TECS Fund Description

TECS provides 3x leveraged inverse exposure to a market-cap-weighted index of US large-cap technology companies.

TECS Factset Analytics Insight

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 Index—a market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLK—the Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with Microsoft, Apple, and Alphabet comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehicle—not 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. As a result, most traders will be willing to overlook the fund's steep fee. TECS trades reasonably well, with decent daily volume and modest spreads.

TECS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TECS -17.20% -18.04% -59.16% -45.06% -54.23% -47.95% -50.06%
TECS (NAV) -17.24% -19.06% -59.63% -45.78% -54.18% -47.88% --
S&P Technology Select Sector Index 7.41% 6.44% 32.38% 13.98% 23.97% 17.92% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TECS Summary Data

Direxion
12/17/08
Open-Ended Fund
1.10%
$44.24M
0.08%

TECS Portfolio Data

2.27%
09/24/19

TECS Index Data

Market Cap
Committee
N/A

TECS Fund Structure

Yes
No
No Policy
N/A
N/A
Medium
-3
Daily

TECS Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TECS Factset Analytics Block Liquidity

As of 07/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TECS. TECS is rated a N/A out of 5.

TECS Tradability

894,012
$12.80M
706,709
$9.42M
0.08%
$0.01
0.00%
0.28% / -0.92%
None
0.00%
50,000
14.13
0.00%
--
9,944
$11.09
N/A