TECS
Direxion Daily Technology Bear 3X Shares·ARCA
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Key Stats
Assets Under Management
84.39MUSD
Fund Flows (1Y)
87.49MUSD
Dividend Yield
5.59%
Discount/Premium to NAV
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Shares Outstanding
4.69M
Expense Ratio
1.00%
About Direxion Daily Technology Bear 3X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Dec 17, 2008
Structure
Open-Ended Fund
Index Tracked
Technology Select Sector Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Index—a market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLK—the Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with just a few names comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehicle—not a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. It is important to clearly understand the risks of utilizing such leverage. In addition, this product should only be utilized by those who actively manage their investments.
Classification
Asset Class
Equity
Category
Sector
Focus
Information Technology
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Committee
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +9.42% | +6.95% | +7.72% | -60.51% | -93.53% | -97.58% |
NAV Total Return | +24.92% | +17.20% | +18.93% | -53.15% | -91.70% | -96.82% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
47.02%
GOLDMAN FINL SQ TRSRY INST 506
29.07%
GOLDMAN SACHS FIN GOV 465 INSTITUT
10.78%
DREYFUS TRSRY SECURITIES CASH MGMT
5.17%
TECHNOLOGY SELECT SECTOR INDEX SWAP
-13.30%
Top 10 Weight 78.75%
5 Total Holdings
Is SPY better than TECS?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-31 | 0.189 |
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.182 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.168 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.469 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.472 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.056 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.086 |
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How Much Does TECS Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy TECS?
Fund Flows
