Direxion Daily Technology Bear 3X Shares (TECS)
Market Closed
15 Oct, 08:00 PM
$
57. 21
+1.01
+1.7972%
$
64.13M Market Cap
0.35% Div Yield
790,500 Volume
$ 56.2
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TECS: Maybe It's Time To Be Bear On Tech
Understanding the construction of financial instruments is crucial to evaluating their effectiveness and suitability for investment goals. TECS is an open-ended, leveraged ETF designed to provide 3x inverse exposure to the Technology Select Sector Index using liquid instruments like cash and swaps. Liquidity risks common to open-ended funds are mitigated in TECS due to its use of highly liquid underlying assets, unlike some other ETFs.
Seekingalpha | 1 year ago
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