Key stats
About DIREXION SHARES ETF TRUST
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Inception date
Dec 17, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
TECL provides 3x levered exposure to the S&P Technology Select Sector Index, reset daily. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index (tracked in unlevered form by SSgA's XLK) consists of all tech companies in the S&P 500. This broad definition of the tech sector means TECL contains names traditionally thought of in technology in addition to those in diversified telecommunications services, communications equipment, semiconductors, and office electronics. However, the portfolio is concentrated in just a few names. It is important to clearly understand the risks in using such leverage. In addition, this product should only be utilized by those who actively manage their investments.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Cash
Stocks82.80%
Electronic Technology43.20%
Technology Services37.29%
Producer Manufacturing2.31%
Bonds, Cash & Other17.20%
Cash17.20%
Stock breakdown by region
North America96.76%
Europe3.24%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TECL invests in stocks. The fund's major sectors are Electronic Technology, with 43.20% stocks, and Technology Services, with 37.29% of the basket. The assets are mostly located in the North America region.
TECL last dividends amounted to 0.21 USD. The quarter before, the issuer paid 0.02 USD in dividends, which shows a 92.62% increase.
Yes, TECL pays dividends to its holders with the dividend yield of 0.46%. The last dividend (Apr 1, 2025) amounted to 0.21 USD. The dividends are paid quarterly.
TECL shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Dec 17, 2008, and its management style is Passive.
TECL expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
TECL follows the S&P Technology Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TECL invests in stocks.
TECL price has risen by 9.55% over the last month, and its yearly performance shows a −22.07% decrease. See more dynamics on TECL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −22.98% decrease in three-month performance and has decreased by −6.66% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −22.98% decrease in three-month performance and has decreased by −6.66% in a year.
TECL trades at a premium (0.73%) meaning the ETF is trading at a higher price than the calculated NAV.