Key stats
About Direxion Daily Technology Bull 3x Shares
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Inception date
Dec 17, 2008
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US25459W1027
TECL provides 3x levered exposure to the S&P Technology Select Sector Index, reset daily. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index (tracked in unlevered form by SSgA's XLK) consists of all tech companies in the S&P 500. This broad definition of the tech sector means TECL contains names traditionally thought of in technology in addition to those in diversified telecommunications services, communications equipment, semiconductors, and office electronics. However, the portfolio is concentrated in just a few names. It is important to clearly understand the risks in using such leverage. In addition, this product should only be utilized by those who actively manage their investments.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TECL assets under management is 3.87 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TECL invests in stocks. See more details in our Analysis section.
TECL expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, TECL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TECL pays dividends to its holders with the dividend yield of 0.35%.
TECL shares are issued by Rafferty Asset Management LLC
TECL follows the S&P Technology Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 17, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.