Direxion Daily Technology Bear 3X Shares (TECS)
| Assets | $113.28M |
| Expense Ratio | 1.08% |
| PE Ratio | n/a |
| Shares Out | n/a |
| Dividend (ttm) | $0.62 |
| Dividend Yield | 5.34% |
| Ex-Dividend Date | Sep 19, 2023 |
| Payout Ratio | n/a |
| 1-Year Return | -67.95% |
| Volume | 4,435,674 |
| Open | 11.15 |
| Previous Close | 11.36 |
| Day's Range | 11.11 - 11.68 |
| 52-Week Low | 10.88 |
| 52-Week High | 44.42 |
| Beta | n/a |
| Holdings | 12 |
| Inception Date | Dec 17, 2008 |
About TECS
Fund Home PageThe Direxion Daily Technology Bear 3X Shares (TECS) is an exchange-traded fund that is based on the Technology Select Sector index. The fund provides 3x leveraged inverse exposure to a market-cap-weighted index of US large-cap technology companies. TECS was launched on Dec 17, 2008 and is issued by Direxion.
Top 10 Holdings
-33.96% of assets| Name | Symbol | Weight |
|---|---|---|
| DREYFUS GOVT CASH MAN INS | n/a | 50.44% |
| GOLDMAN FINL SQ TRSRY INST 506 | n/a | 25.13% |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | n/a | 19.25% |
| DREYFUS TRSRY SECURITIES CASH MGMT | n/a | 14.87% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -8.67% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -16.64% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -19.99% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -24.96% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -36.13% |
| TECHNOLOGY SELECT SECTOR INDEX SWAP | n/a | -37.24% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 19, 2023 | $0.15347 | Sep 26, 2023 |
| Jun 21, 2023 | $0.19739 | Jun 28, 2023 |
| Mar 21, 2023 | $0.27067 | Mar 28, 2023 |
| Mar 24, 2020 | $1.300 | Mar 31, 2020 |
| Dec 23, 2019 | $2.400 | Dec 31, 2019 |
| Sep 24, 2019 | $3.900 | Oct 1, 2019 |
News
2024 Could Attract Both Bears and Bulls to Big Tech
The air could slowly be exiting the big tech balloon after a strong 2023 that saw the Nasdaq rise over 40% thus far. As 2023 turns into 2024, however, both bulls and bears could benefit.
Tech Stocks' Crossroads: Trading Temptation and Trepidation
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are ...
Q3 Earnings Should Provide Plenty of Opportunities in Big Tech
Big tech has obviously been a major mover for the stock market in 2023. With third quarter earnings forthcoming, there should be plenty of opportunities for broad-based ETF as well as single-stock ETF...
Pressure Could Be Ahead for Big Tech as 2023 Winds Down
Big tech is often cited as the primary catalyst in 2023's stock market rally. Yet at some point, the laws of market gravity will set in, and what comes up must eventually come down.
Buy the Dip in Apple, or Has the Trend Turned Rotten?
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are ...
These 3 Inverse ETFs Have Been Strong Performers in August
August has historically been a slow month for equities. While some of the air from this year's rally has been slowly escaping, inverse exchange-traded funds (ETFs) have benefited—three Direxion funds ...
AI Adoption Continues to Power Gains for Big Tech
Software giant Microsoft continues to provide more fuel to propel the big tech rally as the company beat analysts' expectations. One of the catalysts for big tech will be the adoption of artificial in...
Does an “Elusive Soft Landing” Spell Opportunity for Inverse ETFs?
Stubborn inflation continues to rack the capital markets and the soft landing that the U.S. Federal Reserve was hoping for in 2023 could prove to be more elusive than originally anticipated, according...
Will Augmented Reality Augment Apple's Returns?
One of the world's most innovative tech companies just debuted a new product in recent days – the Apple Vision Pro. This is a spatial computer headset that blends virtual and actual realities together...
Will Layoffs in May Give Bearish Vibes to Retail and Tech?
The machinations of a recession could already be manifesting themselves in layoffs during the month of May. The job markets for retail and tech were especially vulnerable last month.
Big Tech Continues to Undo Excessive Hiring During Pandemic
There appears to be no end in sight when it comes to big tech's layoffs. A recent Investor's Business Daily article noted that more layoffs could be ahead for the rest of 2023.
Daily Volatility in the Nasdaq 100 Spells Opportunity in These 2 ETFs
When it comes to volatility, the Nasdaq 100 can give investors an exhilarating roller coaster ride. For short-term traders, this spells an opportunity for a pair of leveraged exchange traded funds (ET...
January Inflation Report Put These 4 ETFs on a Roller Coaster Ride
Inflation reports will certainly move the markets in 2023 the same way they did in 2022 — at least until the U.S. Federal Reserve feels it has inflation relatively under control, but that could take s...
Big Tech is Cutting Costs, But Will it Be Enough?
It might take more than cost-cutting measures like layoffs to convince investors that big tech is doing what it can in order to stave off another 2022 performance. That said, bearish traders could be ...
Keep These 2 ETFs Handy as Investors Await Big Tech Earnings
Tech's biggest names will be releasing their earnings reports, and that will certainly sway the markets one direction or the other. It's a vital earnings report not only due to big tech's effect on th...
Tech's Recovery Could Take Time: 2 ETFs to Consider
The Nasdaq 100 finished 2022 down 32%, and bullish tech traders are hoping that 2023 brings a turnaround, but like all good things, it could take time. That said, there are always opportunities to pla...
Continued Tech Weakness Sets the Stage for These ETFs
Save for a late holiday rally, big tech will most likely end the year with a forgettable 2022. High inflation and now a looming recession could feed into further weakness, which sets the stage for inv...
Optimistic October Is Bringing Bullish S&P 500 Bets Back to Life
Down about 20% for the year, the S&P 500 is having an optimistic October, rising about 4% the past month to give bullish traders hope that the market could turn around before year's end. This runs cou...
Financial Sector Is Weathering the 2022 Storm Better Than Tech
It's been a tale of two sectors when specifically looking at technology and finance through the lens of two exchange traded funds (ETFs): the Direxion Daily Technology Bear 3X ETF (TECS) and the Direx...
