TECSDirexion Daily Technology Bear 3X Shares
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
TECS Portfolio Data
TECS Index Data
TECS Fund Structure
TECS Tax Exposures
TECS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TECS. TECS is rated a 5 out of 5.