Profile
Assets class:
EquityAssets under management:
$3 BAverage volume:
$2 MDomicile:
USExpense ratio:
0.94%Inception date:
30 December 2008Website:
-Last dividends:
25 June 2024Next dividends:
N/A
Top countries
Dividend yield TTM
TECL Latest News
The Direxion Daily Technology Bull 3X Shares ETF aims to provide three times the daily performance of the Technology Select Sector Index. High valuations of major holdings like Microsoft and Apple, constituting over 40% of the index, present significant downside risk. TECL's levered exposure to expensive stocks underscores our Sell rating on the fund.
The Direxion Daily Technology Bull 3X Shares is a leveraged ETF that focuses on technology companies in the S&P 500 index. TECL aims to achieve a 300% daily return, amplifying gains or losses compared to the underlying index. While TECL offers potential for amplified gains, it carries inherent risks and may experience significant losses in a bearish market.
The impetus for a continued market rally through the second half of 2023 could be playing out as dissipating inflation fears could propel bullish leveraged exchange traded funds (ETFs) further.
Small-caps can typically give traders amplified moves to the upside versus large-caps, but big tech specifically has been winning the market capitalization battle in the current rally.
Big tech's mojo doesn't appear to be fading as a recent spate of earnings reports are giving investors reason to be confident. The Nasdaq 100 is up over 20% this year compared to the S&P 500's 8.6% gain.
What is TECL ETF?
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index includes domestic companies from the technology sector. It is non-diversified.
What is TECL assets class?
Assets class of TECL ETF is 'Equity'
What is TECL assets under management?
Assets under management of TECL ETF is $3 B
What is TECL average volume?
Average volume of TECL ETF is $2 M
What is TECL domicile?
Domicile of TECL ETF is US
What is TECL expense ratio?
Expense ratio of TECL ETF is 0.94%
What is TECL inception date?
Inception date of TECL ETF is 30 December 2008
What is TECL website?
Website of TECL ETF is null