TECS
Direxion Daily Technology Bear 3X SharesTECS 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
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1 Month
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1 Year
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5 Years
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TECS Summary Data
TECS Portfolio 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.
TECS Tradability
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