TECS — Direxion Daily Technology Bear 3X Shares
Direxion Daily Technology Bear 3X Shares (TECS)
TECS pays a 3.50% distribution rate, quarterly, on a 1.01% expense ratio. Its deepest 1-year drawdown was 77.1%.
Direxion Daily Technology Bear 3X Shares is an ETF that seeks to deliver three times the inverse daily performance of the S&P Technology Index, making it a leveraged short fund designed for traders seeking to profit from or hedge against declines in the technology sector. The fund distributes quarterly with a high current distribution rate and carries an expense ratio of 1.01%. This fund appeals primarily to active traders and sophisticated investors using short exposure for tactical positioning or hedging, not to traditional income or buy-and-hold investors.
TECS key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/17/2008
- Expense ratio
- 1.01%
- Distribution rate
- 3.50%
- Distribution frequency
- Quarterly
- Trailing yield
- 9.44%
- Last close
- $58.24
- AUM
- $65,501,069
- Average volume
- 221600.0
- Last dividend
- $0.5100
- Ex-dividend date
- 06/23/2026
- Payment date
- 06/30/2026
- Beta
- -3.74
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