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Direxion Daily Technology Bull 3X Shares (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 3.64 |
52 Weeks Range 54.78 - 112.74 | Updated Date 12/21/2024 |
52 Weeks Range 54.78 - 112.74 | Updated Date 12/21/2024 |
AI Summarization
ETF Direxion Daily Technology Bull 3X Shares (TECL)
Profile:
- Primary Focus: Technology sector
- Asset Allocation: 100% equities
- Investment Strategy: Seeks to deliver triple (3x) the daily performance of the Technology Select Sector Index (IXT)
Objective:
- To generate high returns for investors by amplifying the daily performance of the technology sector.
Issuer:
- Company: Direxion Shares
- Reputation: Direxion is a well-established ETF issuer with a focus on leveraged and inverse products.
- Reliability: Direxion has a strong track record of managing ETFs and meeting its investment objectives.
- Management: The ETF is managed by a team of experienced professionals with a deep understanding of the technology sector.
Market Share:
- Approximately 1% of the leveraged and inverse technology ETF market.
Total Net Assets:
- $428.79 million (as of November 2, 2023)
Moat:
- Leveraged exposure: TECL offers investors a way to amplify their exposure to the technology sector, potentially leading to higher returns.
- Experienced management: The ETF is managed by a team of seasoned professionals with a proven track record in the industry.
- Liquidity: TECL has a relatively high trading volume, making it easy to buy and sell shares.
Financial Performance:
- Historical Returns: TECL has delivered strong returns in recent years, significantly outperforming the Technology Select Sector Index.
- Benchmark Comparison: The ETF has consistently outperformed its benchmark index, indicating its effectiveness in achieving its investment objectives.
Growth Trajectory:
- The growth trajectory of TECL is heavily dependent on the performance of the technology sector.
- Continued technological advancements and strong sector growth could lead to further gains for the ETF.
Liquidity:
- Average Trading Volume: 1.5 million shares per day
- Bid-Ask Spread: 0.05%
Market Dynamics:
Key factors affecting TECL's market environment include:
- Economic indicators: Strong economic growth can positively impact the technology sector.
- Technology sector growth: Continued innovation and adoption of new technologies can drive sector growth.
- Interest rate environment: Rising interest rates can negatively impact growth stocks, including those in the technology sector.
Competitors:
- Direxion Daily Technology Bull 2X Shares (TTWM)
- ProShares UltraPro QQQ (TQQQ)
- VelocityShares 3x Long Technology ETN (LERN)
Expense Ratio:
- 0.95%
Investment Approach and Strategy:
- Strategy: TECL seeks to deliver triple the daily performance of the Technology Select Sector Index.
- Composition: The ETF invests in a portfolio of technology stocks designed to track the index performance.
Key Points:
- TECL is a leveraged ETF that offers investors amplified exposure to the technology sector.
- The ETF has a strong track record of outperforming its benchmark index.
- TECL is suitable for investors with a high-risk tolerance seeking short-term gains.
Risks:
- Volatility: TECL is a leveraged ETF, making it more volatile than the underlying index.
- Market Risk: The ETF is subject to the risks associated with the technology sector, including economic downturns and technological disruptions.
- Counterparty Risk: TECL is a non-diversified ETF, which means it is more susceptible to the risks associated with a single issuer.
Who Should Consider Investing:
- Investors with a high-risk tolerance seeking short-term gains from the technology sector.
- Investors who believe the technology sector will significantly outperform the broader market.
- Investors who understand the risks associated with leveraged ETFs.
Fundamental Rating Based on AI:
8.5/10
TECL receives a high rating based on several factors, including its strong financial performance, experienced management team, and significant market share. However, investors should be aware of the high volatility and market risks associated with the ETF.
Resources:
- Direxion Shares Website: https://www.direxionshares.com/
- ETF Database: https://etfdb.com/etfs/tecl/
- Yahoo Finance: https://finance.yahoo.com/quote/TECL/
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional before making any 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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