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

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  • 1 Year
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PERFORMANCE [as of 09/23/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TECS 3.05% -33.32% -80.09% -86.96% -68.41% -62.90% -54.24%
TECS (NAV) 12.80% -25.30% -78.16% -85.59% -67.37% -62.20% -53.81%
S&P Technology Select Sector Index -- -- -- -- -- -- -53.81%
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
1.08%
$67.72M
0.07%
REW

TECS Portfolio Data

2.35%
09/22/20

TECS Index Data

Market Cap
Committee
N/A

TECS Fund Structure

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

TECS Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TECS Factset Analytics Block Liquidity

As of 09/24/20
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

3,446,025
$51.30M
2,248,823
$39.05M
0.07%
$0.01
-0.01%
898.72% / -2.71%
None
0.00%
50,000
44.98
0.00%
--
27,885
$15.58
N/A