Direxion Daily Technology Bull 3X ETF
TECL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Dec 30, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Technology Bull 3X Shares (TECL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Technology Select Sector Index. The fund provides investors with amplified exposure to the U.S. technology sector, which encompasses companies engaged in software; semiconductors and semiconductor equipment; technology hardware, storage and peripherals; IT services; communications equipment; and electronic equipment, instruments and components, with top holdings including NVIDIA Corp., Microsoft Corp., and Apple Inc. Launched on December 17, 2008, and listed on NYSE Arca, TECL targets sophisticated traders seeking short-term directional bets on technology sector trends rather than long-term investment returns, given its daily reset mechanism and high volatility. Operated by Direxion Shares ETF Trust and advised by Rafferty Asset Management, LLC, the fund maintains a net expense ratio of 0.91% through September 1, 2026, pursuant to an operating expense limitation agreement. Direxion, founded in 1997 as Potomac Funds in Alexandria, Virginia, and rebranded in 2006, specializes in leveraged and inverse ETFs; the company is headquartered at 535 Madison Avenue, 37th Floor, New York, with additional offices in Boston and Hong Kong. TECL forms part of Direxion's broader suite of daily 3X bull and bear ETFs across sectors, enabling bull exposure to technology via swaps, futures, and direct holdings in index constituents. Recent operational changes include a reverse stock split executed on TECS, the corresponding Daily Technology Bear 3X Shares, announced on October 11, 2024, to address share price declines while maintaining TECL's unchanged structure. In January 2024, Direxion launched an ETF Alert Service offering automated price and volume notifications via text message, enhancing trader tools for funds like TECL. In May 2024, Direxion expanded its thematic offerings with new leveraged ETFs targeting AI stocks, complementing technology-focused products such as TECL amid heightened sector interest.