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Leveraged & Inverse ETFs

Direxion Daily Technology Bull and Bear 3X Shares

The Direxion Daily Technology Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Technology Select Sector Index. There is no guarantee the funds will achieve their stated investment objectives.

TECL

NAV (Net Asset Value)$78.35As of Mar 18, 2024
1 Day NAV change$+1.11(+1.43%)As of Mar 18, 2024

TECS

NAV (Net Asset Value)$7.93As of Mar 18, 2024
1 Day NAV change$-0.11(-1.41%)As of Mar 18, 2024
TECLDirexion Daily Technology Bull 3X Shares
Daily Target
+300%
Intra-day Value
TECL.IV
Daily NAV
$78.35
Daily Market Price
$78.39
Expense Ratio
(gross/net %)
0.97 / 0.97*
Daily Volume
1,805,290
Security Identifier
25459W102
Inception Date
Dec 17, 2008
TECSDirexion Daily Technology Bear 3X Shares
Daily Target
-300%
Intra-day Value
TECS.IV
Daily NAV
$7.93
Daily Market Price
$7.93
Expense Ratio
(gross/net %)
1.08 / 1.08*
Daily Volume
10,325,012
Security Identifier
25460G393
Inception Date
Dec 17, 2008

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

  • TECL TECS Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • TECL Prospectus
  • TECS Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 03/18/2024.

TECL Direxion Daily Technology Bull 3X Shares
Net Asset Value (NAV)
$78.35Nav
$+1.11Change
+1.43%Change
Market Price Closing
$78.39Market
$+1.16Change
+1.50%Change
Premium / Discount
$+0.04Change from Last Day Trading
Premium/Discount tool
TECS Direxion Daily Technology Bear 3X Shares
Net Asset Value (NAV)
$7.93Nav
$-0.11Change
-1.41%Change
Market Price Closing
$7.93Market
$-0.11Change
-1.37%Change
Premium / Discount
Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
TECL NAV
12.97
33.63
19.95
186.91
26.17
46.18
42.64
44.66
0.97 / 0.97*
12/17/2008
TECL Market Close
12.86
33.66
19.73
186.66
26.09
46.09
42.63
44.68
0.97 / 0.97*
12/17/2008
TECS NAV
-13.19
-28.72
-20.28
-72.31
-53.46
-65.76
-57.02
-57.34
1.08 / 1.08*
12/17/2008
TECS Market Close
-12.65
-28.42
-19.72
-72.23
-53.39
-65.72
-56.99
-57.33
1.08 / 1.08*
12/17/2008

As of February 29, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.92% for TECL and 0.95% for TECS. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Technology Select Sector Index (IXTTR) is provided by S&P Dow Jones Indices and includes domestic companies from the technology sector which includes the following industries: computers and peripherals; software; diversified telecommunications services; communications equipment; semiconductors and semi-conductor equipment; internet software and services; IT services; electronic equipment, instruments and components; wireless telecommunication services; and office electronics. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Microsoft
22.37%
Apple
21.90%
Broadcom Limited
5.15%
Nvidia
4.54%
Adobe Inc
2.96%
Salesforce Inc
2.79%
Advanced Micro Devices
2.59%
Accenture PLC Class A
2.40%
Intel
2.30%
Cisco
2.23%

Index Sector Weightings

% of Total
Software
38.89%
Semiconductors & Semiconductor Equipment
26.36%
Technology Hardware, Storage & Peripherals
22.99%
IT Services
5.39%
Communications Equipment
3.66%
Electronic Equipment, Instruments & Components
2.72%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Distributions

TECL Direxion Daily Technology Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.07088
06/22/202306/21/202306/28/20230.03993
03/22/202303/21/202303/28/20230.07682
12/21/202212/20/202212/28/20220.04921
12/10/202112/09/202112/16/20210.000000.27909
12/11/202012/10/202012/17/20200.000001.89970
03/25/202003/24/202003/31/20200.19450
12/24/201912/23/201912/31/20190.11117
09/25/201909/24/201910/01/20190.07141
03/20/201903/19/201903/26/20190.43343
09/26/201809/25/201810/02/20180.11589
06/20/201806/19/201806/26/20180.28069
12/20/201712/19/201712/27/20170.11181
06/23/201106/21/201101/01/19000.00002
03/24/201103/24/201103/29/20110.000000.84050
06/24/201006/24/201006/29/20100.000000.50957
03/25/201003/25/201003/30/20100.000005.07143
11/24/200911/24/200911/30/20090.0000023.01790
06/25/200906/23/200906/30/20090.02805
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.07088
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.03993
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.07682
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.04921
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/10/2021
Ex Date12/09/2021
Pay Date12/16/2021
Income Dividend0.00000
Short-Term Capital Gain0.27909
Long-Term Capital Gain
Record Date12/11/2020
Ex Date12/10/2020
Pay Date12/17/2020
Income Dividend0.00000
Short-Term Capital Gain1.89970
Long-Term Capital Gain
Record Date03/25/2020
Ex Date03/24/2020
Pay Date03/31/2020
Income Dividend0.19450
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.11117
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/25/2019
Ex Date09/24/2019
Pay Date10/01/2019
Income Dividend0.07141
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2019
Ex Date03/19/2019
Pay Date03/26/2019
Income Dividend0.43343
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/26/2018
Ex Date09/25/2018
Pay Date10/02/2018
Income Dividend0.11589
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/20/2018
Ex Date06/19/2018
Pay Date06/26/2018
Income Dividend0.28069
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/20/2017
Ex Date12/19/2017
Pay Date12/27/2017
Income Dividend0.11181
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/23/2011
Ex Date06/21/2011
Pay Date01/01/1900
Income Dividend0.00002
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/24/2011
Ex Date03/24/2011
Pay Date03/29/2011
Income Dividend0.00000
Short-Term Capital Gain0.84050
Long-Term Capital Gain
Record Date06/24/2010
Ex Date06/24/2010
Pay Date06/29/2010
Income Dividend0.00000
Short-Term Capital Gain0.50957
Long-Term Capital Gain
Record Date03/25/2010
Ex Date03/25/2010
Pay Date03/30/2010
Income Dividend0.00000
Short-Term Capital Gain5.07143
Long-Term Capital Gain
Record Date11/24/2009
Ex Date11/24/2009
Pay Date11/30/2009
Income Dividend0.00000
Short-Term Capital Gain23.01790
Long-Term Capital Gain
Record Date06/25/2009
Ex Date06/23/2009
Pay Date06/30/2009
Income Dividend0.02805
Short-Term Capital Gain
Long-Term Capital Gain

TECS Direxion Daily Technology Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.12266
09/20/202309/19/202309/26/20230.15347
06/22/202306/21/202306/28/20230.19739
03/22/202303/21/202303/28/20230.27067
03/25/202003/24/202003/31/20200.01304
12/24/201912/23/201912/31/20190.02364
09/25/201909/24/201910/01/20190.03857
06/26/201906/25/201907/02/20190.06008
03/20/201903/19/201903/26/20190.04882
12/28/201812/27/201801/04/20190.07968
09/26/201809/25/201810/02/20180.06281
06/20/201806/19/201806/26/20180.02504
03/21/201803/20/201803/27/20180.00628
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.12266
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.15347
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.19739
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.27067
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/25/2020
Ex Date03/24/2020
Pay Date03/31/2020
Income Dividend0.01304
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.02364
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/25/2019
Ex Date09/24/2019
Pay Date10/01/2019
Income Dividend0.03857
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/26/2019
Ex Date06/25/2019
Pay Date07/02/2019
Income Dividend0.06008
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2019
Ex Date03/19/2019
Pay Date03/26/2019
Income Dividend0.04882
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/28/2018
Ex Date12/27/2018
Pay Date01/04/2019
Income Dividend0.07968
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/26/2018
Ex Date09/25/2018
Pay Date10/02/2018
Income Dividend0.06281
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/20/2018
Ex Date06/19/2018
Pay Date06/26/2018
Income Dividend0.02504
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/21/2018
Ex Date03/20/2018
Pay Date03/27/2018
Income Dividend0.00628
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

  • Form 8937
    (TECS 2020)

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

What's Inside?

Daily Reset

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