Direxion Daily Technology Bear 3X Shares (TECS) Price, Holdings, & News

ETF Overview

The 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 managed by Direxion.

Key Stats

• Today's Range: $23.14 to $23.85
• 50-Day Range: $23.19 to $34.64
• 52-Week Range: $22.75 to $101.82
• Volume: 1.12 million shs
• Average Volume: 990,457 shs
• Market Capitalization: $79.75 million
• Assets Under Management: $95.36 million
• Dividend Yield: 7.16%
• Net Expense Ratio: 1.00%
• Aggregate Rating: N/A

TECS ETF - Frequently Asked Questions

How have TECS shares performed this year?

Direxion Daily Technology Bear 3X Shares' stock was trading at $47.66 at the beginning of the year. Since then, TECS stock has decreased by 51.3% and is now trading at $23.19.

When did Direxion Daily Technology Bear 3X Shares' stock split?

Direxion Daily Technology Bear 3X Shares's stock reverse split on Monday, November 4th 2024.The 1-10 reverse split was announced on Friday, October 11th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, October 31st 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Who are Direxion Daily Technology Bear 3X Shares' major shareholders?

Direxion Daily Technology Bear 3X Shares' top institutional investors include JFS Wealth Advisors LLC (0.03%).

How do I buy shares of Direxion Daily Technology Bear 3X Shares?

Shares of TECS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Direxion Daily Technology Bear 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Direxion Daily Technology Bear 3X Shares investors own include Meta Platforms (META), Advanced Micro Devices (AMD), NVIDIA (NVDA), Tesla (TSLA), Salesforce (CRM), Chevron (CVX) and Intel (INTC).

Fund Details

• Issuer: Direxion
• Fund Name: Direxion Daily Technology Bear 3X Shares
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:TECS
• Inception Date: 12/16/2008
• Fund Manager: Paul Brigandi, Tony Ng
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: Technology Select Sector Index
• Category: Sector
• Focus: Information Technology
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 24

Fund Statistics

• Assets Under Management: $95.36 million
• Average Daily Volume: $1.21 million
• Discount/Premium: -0.01%
• Leveraged: -3.00

Administrator, Advisor and Custodian

• Administrator: U.S. Bancorp Fund Services, LLC
• Advisor: Rafferty Asset Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Foreside Fund Services, LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: Optionable
• Options Volume: 206
• Put Options: 66
• Call Options: 140
• Short Interest: 168,800 shs

Miscellaneous

• Outstanding Shares: 3,439,000
• Beta: -2.89
• Creation Unit: 50,000
• Creation Fee: $250.00