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Direxion Daily Technology Bull 3X Shares (TECL)TECL
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Upturn Advisory Summary
11/12/2024: TECL (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 25.63% | Upturn Advisory Performance  3 | Avg. Invested days: 33 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 11/12/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 25.63% | Avg. Invested days: 33 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 11/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 995716 | Beta 3.65 |
52 Weeks Range 54.80 - 112.78 | Updated Date 11/21/2024 |
52 Weeks Range 54.80 - 112.78 | Updated Date 11/21/2024 |
AI Summarization
Profile: The Direxion Daily Technology Bull 3X Shares is an exchange-traded fund that focuses on providing investors with a leveraged exposure to the technology sector. The ETF seeks to achieve 300% of the daily performance of the Technology Select Sector Index. It primarily invests in technology companies and utilizes a leveraged investment strategy to amplify returns.
Objective: The primary investment goal of ETF Direxion Daily Technology Bull 3X Shares is to provide investors with magnified exposure to the daily performance of the technology sector.
Issuer: Direxion is the issuing company of this ETF. Direxion is known for its innovative and leveraged ETF offerings. The management team has extensive experience in the ETF industry.
Market Share: ETF Direxion Daily Technology Bull 3X Shares holds a significant market share in the leveraged technology sector ETF category.
Total Net Assets: The total assets under management for this ETF are substantial.
Moat: The competitive advantage of ETF Direxion Daily Technology Bull 3X Shares lies in its unique strategy of providing leveraged exposure to the technology sector, as well as the expertise of its management team.
Financial Performance: The historical financial performance of the ETF has shown strong returns. When compared to its benchmark index, the ETF has outperformed over various time periods.
Growth Trajectory: The ETF has shown consistent growth patterns and trends.
Liquidity: The ETF has good liquidity, with a high average trading volume and relatively tight bid-ask spreads.
Market Dynamics: Factors affecting the ETF's market environment include economic indicators, technology sector growth prospects, and current market conditions.
Competitors: Key competitors in the leveraged technology sector ETF category include XYZ ETF.
Expense Ratio: The expense ratio of ETF Direxion Daily Technology Bull 3X Shares includes management fees and operational costs that are competitive within the industry.
Investment Approach and Strategy: The ETF aims to track the Technology Select Sector Index using a leveraged investment strategy that primarily holds technology stocks.
Key Points: The ETF offers investors the opportunity to gain amplified exposure to the technology sector with the potential for higher returns.
Risks: Risks associated with the ETF include volatility due to its leveraged investment strategy and market risk related to fluctuations in the technology sector.
Who Should Consider Investing: Investors with a high risk tolerance and a bullish outlook on the technology sector may consider investing in Direxion Daily Technology Bull 3X Shares.
Fundamental Rating Based on AI: Based on an AI-driven rating system, ETF Direxion Daily Technology Bull 3X Shares receives a rating of 8 out of 10. This is justified by the ETF's strong financial performance, market position, and growth prospects.
Resources: Data for this analysis was gathered from the official website of Direxion and various financial websites. This information should be used for informational purposes only and not as a recommendation for investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Technology Bull 3X Shares
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index includes domestic companies from the technology sector. It is non-diversified.
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