Direxion Daily Technology Bull 3X ETF (TECL)
Direxion Daily Technology Bull 3X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $214.05, up 4.44% on the session, giving a market capitalisation of $8.25B. Its beta of 4.86 implies it has historically moved more than the broad market.
These Direxion Daily Technology 3X ETFs are designed to deliver magnified daily returns, before any fees or expenses. Specifically, the Bull fund aims for three times the positive daily performance of the Technology Select Sector Index, while the Bear fund targets three times the inverse (or opposite) daily performance of the same index. However, there is no guarantee that these funds will successfully achieve their stated investment objectives.
Direxion Daily Technology Bull 3X ETF is most often compared with the following Financial Services names: