Direxion Daily Technology Bull 3X Shares logo

Direxion Daily Technology Bull 3X SharesNYSE American: TECL

Profile

Assets class:

Equity

Assets under management:

$3 B

Average volume:

$2 M

Domicile:

US

Expense ratio:

0.94%

Inception date:

30 December 2008

Website:

-

Last dividends:

25 June 2024

Next dividends:

N/A
Name
Weight
DREYFUS GOVT CASH MAN INS
3.87 %
Apple logo
Apple(AAPL)
3.15 %
NVIDIA logo
NVIDIA(NVDA)
3.11 %
Microsoft logo
Microsoft(MSFT)
2.84 %
GOLDMAN FINL SQ TRSRY INST 506
2.43 %
GOLDMAN SACHS FIN GOV 465 INSTITUT
1.32 %
DREYFUS TRSRY SECURITIES CASH MGMT
1.11 %
Broadcom logo
Broadcom(AVGO)
0.95 %
TECHNOLOGY SELECT SECTOR INDEX SWAP
0.74 %

Top countries

Name
Weight
United States
99.08 %
Netherlands
0.71 %
Singapore
0.21 %

Dividend yield TTM

$0.109.84%

TECL Latest News

TECL: A Leveraged Bet On Large-Cap Tech
seekingalpha.com16 October 2024 Sentiment: POSITIVE

The Direxion Daily Technology Bull 3X Shares ETF tracks an index investing primarily in Semiconductor, Software, and Hardware companies. The ETF's 10 largest holdings trade at a forward P/E of 35.40, but still offer an 11.08% upside according to Wall Street estimates. The sector should also benefit from normalizing inflation and Fed easing, which will put a renewed focus on its strong growth prospects.

TECL: This 3x ETF Is A Triple Threat To Our Wealth, Sell Rating Issued
Seeking Alpha22 March 2024 Sentiment: NEGATIVE

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.

TECL: The Riskiest Bet Of All
Seeking Alpha23 August 2023 Sentiment: -

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.

Dissipating Inflation Fears Can Propel These ETFs Further
ETF Trends18 July 2023 Sentiment: -

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.

Big Tech Is Outpacing Small-Caps Amid Market Rally
ETF Trends08 June 2023 Sentiment: -

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 Rally Continues as Earnings Boost Investor Confidence
ETF Trends01 May 2023 Sentiment: -

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