NYSEARCA:TECS

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

$8.68
-0.30 (-3.34%)
(As of 04/26/2024 ET)
Today's Range
$8.48
$8.88
50-Day Range
$7.45
$9.70
52-Week Range
$7.25
$23.66
Volume
11.17 million shs
Average Volume
10.92 million shs
Market Capitalization
$136.71 million
Assets Under Management
$89.01 million
Dividend Yield
6.68%
Net Expense Ratio
1.01%

About Direxion Daily Technology Bear 3X Shares

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.

TECS Stock Price History

TECS ETF News Headlines

Direxion Daily Energy Bear 2X Shares (ERY)
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
TECS ETF Stock Price History
TECS Direxion Daily Technology Bear 3X Shares ETF
Direxion Daily Technology Bear 3X Shares (TECS)
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Direxion Daily Technology Bear -3X Shares
See More Headlines
Receive TECS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Direxion Daily Technology Bear 3X Shares and its competitors with MarketBeat's FREE daily newsletter.

Fund Details

Issuer
Direxion
Fund Name
Direxion Daily Technology Bear 3X Shares
Tax Classification
Regulated Investment Company
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
28

Fund Statistics

Assets Under Management
$89.01 million
Average Daily Volume
$16.35 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
596
Put Options
186
Call Options
410
Short Interest
814,700 shs

Miscellaneous

Beta
-3.96
Creation Unit
50,000
Creation Fee
$250.00
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Direxion Daily Technology Bear 3X Shares Expenses

TypeTECSInformation Technology ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.75%0.51%0.54%0.50%0.51%
Other Expenses0.26%0.29%0.54%0.64%0.58%
Total Expense1.01%0.63%0.70%0.74%0.70%
Fee Waiver0.00%-0.48%-0.55%-0.68%-0.57%
Net Expense1.01%0.55%0.60%0.58%0.58%

Direxion Daily Technology Bear 3X Shares (TECS) Holdings

Top 10 TECS Holdings

  • DREYFUS GOVT CASH MAN INS
    Holding Weight: 58.82%
  • GOLDMAN FINL SQ TRSRY INST 506
    Holding Weight: 29.68%
  • DREYFUS TRSRY SECURITIES CASH MGMT
    Holding Weight: 9.21%
  • GOLDMAN SACHS FIN GOV 465 INSTITUT
    Holding Weight: 6.73%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -6.81%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -7.09%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -11.30%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -16.36%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -16.57%
  • TECHNOLOGY SELECT SECTOR INDEX SWAP
    Holding Weight: -40.06%

TECS ETF - Frequently Asked Questions

How have TECS shares performed in 2024?

Direxion Daily Technology Bear 3X Shares' stock was trading at $9.89 at the beginning of the year. Since then, TECS stock has decreased by 12.2% and is now trading at $8.68.
View the best growth stocks for 2024 here
.

What does TECS invest in?

Direxion Daily Technology Bear 3X Shares is a equity fund issued by Direxion. TECS focuses on information technology investments and follows the Technology Select Sector Index. The fund's investments total to approximately $89.01 million assets under management.

What is the management fee for Direxion Daily Technology Bear 3X Shares?

Direxion Daily Technology Bear 3X Shares' management fee is 0.75% and has other expenses of 0.26%. The net expense ratio for TECS is 1.01%.

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

Shares of Direxion Daily Technology Bear 3X Shares reverse split on the morning of Monday, October 25th 2021. The 1-10 reverse split was announced on Monday, October 25th 2021. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 25th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Technology Bear 3X Shares investors own include Netflix (NFLX), Direxion Daily Small Cap Bear 3X Shares (TZA), Intel (INTC), NVIDIA (NVDA), Arista Networks (ANET), Alibaba Group (BABA), SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL), Chipotle Mexican Grill (CMG), Salesforce (CRM) and Cisco Systems (CSCO).

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

Direxion Daily Technology Bear 3X Shares' stock is owned by many different retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (1.52%).

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.
Compare Top Brokerages Here.

This page (NYSEARCA:TECS) was last updated on 4/26/2024 by MarketBeat.com Staff

From Our Partners