Direxion Daily Technology Bull 3X ETF

Frequently Asked Questions About TECL

What does TECL invest in?

These Direxion Daily Technology 3X ETFs are designed to deliver magnified daily returns, before any fees or expenses. Specifically, the Bull fund aims for three times the positive daily performance of the Technology Select Sector Index, while the Bear fund targets three times the inverse (or opposite) daily performance of the same index. However, there is no guarantee that these funds will successfully achieve their stated investment objectives.

What is the expense ratio of TECL?

Direxion Daily Technology Bull 3X ETF (TECL) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations.

Is TECL a good long-term hold?

TECL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does TECL's daily reset work?

TECL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is TECL?

Direxion Daily Technology Bull 3X ETF (TECL) manages $5.64B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TECL actively managed or an index fund?

TECL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.