Direxion Daily Technology Bear 3X Shares (TECS)

NYSEARCA: TECS · IEX Real-Time Price · USD
29.71
-0.96 (-3.13%)
Aug 12, 2022 11:10 AM EDT - Market open
-3.13%
Assets $120.95M
NAV $30.24
Expense Ratio 1.01%
PE Ratio n/a
Shares Out 4.00M
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date Mar 24, 2020
1-Year Return -34.56%
Volume 612,107
Open 30.04
Previous Close 30.67
Day's Range 29.52 - 30.32
52-Week Low 26.58
52-Week High 57.19
Beta -2.58
Holdings 20
Inception Date Dec 17, 2008

About TECS

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is provided by S&P Dow Jones Indices (the index provider) and includes domestic companies from the technology sector. It is non-diversified.

Asset Class Equity
Sector Technology
Region North America
Issuer Direxion Investments
Stock Exchange NYSEARCA
Ticker Symbol TECS
Index Tracked Technology Select Sector Index

Top 10 Holdings

129.47% of assets
Name Symbol Weight
DREYFUS GOVT CASH MGMT n/a 47.81%
GOLDMAN FS GOVT INST n/a 32.80%
GOLDMAN FS GOVT INST n/a 12.41%
GOLDMAN FINL SQ TRSRY INST 506 n/a 10.53%
DREYFUS TREASURY SECURITIES CASH MANAGEMENT n/a 8.66%
DREYFUS GOVT CASH MGMT n/a 5.32%
GOLDMAN FINL SQ TRSRY INST 506 n/a 3.58%
GOLDMAN FINL SQ TRSRY INST 506 n/a 3.57%
DREYFUS GOVT CASH MGMT n/a 2.74%
DREYFUS GOVT CASH MGMT n/a 2.04%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Mar 24, 2020 $1.304 Mar 31, 2020
Dec 23, 2019 $2.364 Dec 31, 2019
Sep 24, 2019 $3.857 Oct 1, 2019
Jun 25, 2019 $6.008 Jul 2, 2019
Mar 19, 2019 $4.882 Mar 26, 2019
Dec 27, 2018 $7.968 Jan 4, 2019
Full Dividend History

News

Top Performing Leveraged/Inverse ETFs: 07/03/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: HIBSJDSTSOXSSSGWEBSZSL

Top Performing Leveraged/Inverse ETFs: 06/12/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Why to Tap Inverse ETFs for This Week

We have concerns like a worsening COVID situation in China, high inflation in the United States, slowdown fears both in the United States and Euro zone as well as looming rate hikes by the ECB.

Other symbols: HIBSQIDREWSKFSPXSSPXU

5 Inverse ETFs Rallying This Year With Tech Meltdown

Big technology stocks are facing their biggest rout in more than a decade. The S&P 500's information-technology sector has dropped 20% so far this year.

Other symbols: CLDSREWWEBSXLK

Alternative ETFs to Hedge Against Further Risk in the Growth, Tech Segment

Technology stocks are in the midst of one of their worst declines in over a decade, and some warn that things could get worse before turning for the better. Anxious investors who are wary of another bea...

Other symbols: QIDREWSOXSSQQQ

Top Performing Leveraged/Inverse ETFs: 05/15/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Other symbols: DRIPDRVDUSTFAZJDSTZSL

5 Inverse/Leveraged ETF Areas of Last Week

Wall Street was downbeat last week, with losses seen in all major indexes

Up Over 50%, This Inverse Tech ETF Continues to Shine

From a shining star to a black hole, the technology industry continues to see weakness amid rising inflation. That's evident in the Direxion Daily Technology Bear 3X ETF (TECS), which is up over 50% for...

Other symbols: TECL

Inverse ETFs Take Flight as Market Turns Sour

The market sell-off has resulted in higher demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span.

Other symbols: LABDSQQQWEBS

Top Performing Leveraged/Inverse ETFs: 04/17/2022

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Nasdaq 100 Shaves $1 Trillion Off Value: An ETF to Play It

If volatility is your cup of tea, then you'll enjoy the Nasdaq 100. The big tech index shaved $1 trillion from its value in recent market sessions, giving traders an opportunity for bearish plays.

ETF Strategies to Capture the Shifting Dynamics Ahead

Investors have been jumping back into financial markets in the past week after weeks of losses sent many packing, but exchange traded fund investors shouldn't grow too complacent. According to Bank of A...

3 Ways to Play Tech With Strategic Leverage

It's been rough going for technology to start the year, especially after the sector was the shining star during the height of the pandemic. Whether up or down, traders have options to play tech with exc...

Other symbols: FNGGTECL

2 Options to Consider if Bond Yields Hit Tech Stocks

On the surface, rising yields and technology may not appear like they correlate, but when one goes up, the other could subsequently fall. This gives traders options when it comes to inverse plays.

Other symbols: TMV

Geopolitical Forces Are Adding to the Tech Bearishness

Geopolitical forces only add to the tech bearishness apparent in the Direxion Daily Technology Bear 3X ETF (TECS). The fund is up over 40% year-to-date and could keep on rising as the Russia-Ukraine cri...

Bears Are Beating the Bulls in Technology Thus Far in 2022

The capital markets have already been bracing themselves for rising rates in 2022. What they may not have foreseen is tech sector volatility, which is helping the bears more than the bulls so far this y...

Fed's Monetary Policy Can Influence These Tech Plays

Traders are in a chess match with the Federal Reserve, wondering what its next move will be that will affect the latest market moves, particularly when it comes to technology stocks. The latest market v...

Other symbols: TECL

Profit From the Tech Sell-Off With These Inverse ETFs

The technology sector was off to its worst start since the 2008 financial crisis due to inflationary pressure and Fed's hawkish tone.

Other symbols: CLDSREWSQQQWEBS

Top Performing Leveraged/Inverse ETFs: 12/19/2021

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Rotation From Tech Is Benefiting This Leveraged ETF

There's lots of volatility to go around in the major stock market indexes these days, and a rotation out of technology could actually end up benefiting the Direxion Daily Technology Bear 3X ETF (TECS). ...

TECS Jumps: Did Tech Lose Its Pandemic Mojo?

The trading week after the Thanksgiving holiday saw technology end on a sour note, which allowed the bearish Direxion Daily Technology Bear 3X ETF (TECS) to jump higher. Technology stocks were the toast...

TECS Jumps 5% Following Tech Sell-Off From Hot Inflation Data

The Direxion Daily Technology Bear 3X ETF (TECS) gained 5% during Wednesday's trading session as a tech sell-off ensued, following inflation data showing that the consumer price index reached a three-de...

Rising Yields Rattles Market: Inverse ETFs in Vogue

Wall Street resumed its quarter-end decline in the face of rising yields. This has resulted in a spike in inverse or inverse leveraged ETFs.

Other symbols: LABDSOXSWEBS

6 Top-Performing Leveraged/Inverse ETFs of September

September proved the historical trends to be true as Wall Street logged in the worst month of this year.

Other symbols: GUSHLABDSQQQ

Play the Recent Moves in Big Tech with Two Leveraged ETFs

The resurgence of growth could spark a move back into big tech, but the latest market moves could also make way for inverse plays with the Direxion Daily Technology Bear 3X ETF (TECS). The Nasdaq 100, d...