Direxion Daily Technology Bear 3X ETF (TECS)
Direxion Daily Technology Bear 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 $59.36, down 4.35% on the session, giving a market capitalisation of $76.7M. Its beta of -3.66 implies it has historically moved less than the broad market.
These Direxion Daily Technology Bull and Bear 3X ETFs are designed to generate daily returns that, before accounting for fees and charges, either amplify (300%) or inversely multiply (300%) the performance of the Technology Select Sector Index. However, there is no assurance that these funds will consistently achieve their stated investment targets.
Direxion Daily Technology Bear 3X ETF is most often compared with the following Financial Services names: