Direxion Daily Technology Bull 3x SharesTECL
TECL
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
130% more call options, than puts
Call options by funds: $117M | Put options by funds: $51M
0.25% less ownership
Funds ownership: 3.14% [Q2] → 2.89% (-0.25%) [Q3]
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
1% less funds holding
Funds holding: 75 [Q2] → 74 (-1) [Q3]
24% less capital invested
Capital invested by funds: $127M [Q2] → $97.1M (-$30.2M) [Q3]
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
Research analyst outlook
We haven’t received any recent analyst ratings for TECL.
Financial journalist opinion
Negative
Seeking Alpha
2 weeks ago
TECL: A Low Volatility, High Return Strategy
From 2008 to 2024, a stripped-down version of the strategy outlined here would have generated 15% alpha relative to SPY, before bid-ask spreads and tax liabilities are estimated. Assuming 37% capital gains taxes and seven times recent bid-ask spreads for TECL (and no T-bill returns), this strategy would still have produced positive alpha, according to my calculations. This strategy is built on the leveraging of a low-volatility, high return pattern going back at least a century.
Neutral
ETF Trends
1 month ago
Where ETF Investors Put Money to Work on Election Week
My friend and industry veteran Dave Nadig used to call the exercise of interpreting ETF asset flows as “reading the tea leaves.” I have always loved that image because it suggests asset flows can be telling, but they are also open to interpretation.
Positive
Seeking Alpha
2 months ago
TECL: A Leveraged Bet On Large-Cap Tech
The Direxion Daily Technology Bull 3X Shares ETF tracks an index investing primarily in Semiconductor, Software, and Hardware companies. The ETF's 10 largest holdings trade at a forward P/E of 35.40, but still offer an 11.08% upside according to Wall Street estimates. The sector should also benefit from normalizing inflation and Fed easing, which will put a renewed focus on its strong growth prospects.
Positive
ETF Trends
2 months ago
Hedge Funds Load Up on Tech Stocks Ahead of Rate Cuts
As the Nasdaq-100 continues to push higher, it doesn't appear as though certain hedge funds are sensing any frothiness. Per a Reuters report, hedge funds continue to load up on technology stocks as rate cuts loom.
Neutral
ETF Trends
3 months ago
With Volatility Inevitable, Stay Ready With These ETFs
Market fluctuations this month are seemingly inevitable, which should pan out well for one options trader who bet $9 million on a September volatility spike. For traders who want to stay ready when trading the S&P 500 and big tech, they can use leveraged/inverse ETFs from Direxion.
Negative
ETF Trends
3 months ago
Direxion's Ed Egilinsky Talks Small-Caps, Growth & More
Following market uncertainty in August, investors may feel compelled to reassess their portfolio allocations. With potential rate cuts from the Federal Reserve on the horizon, now may be a good time to diversify your portfolio and seek growth strategies.
Positive
Zacks Investment Research
4 months ago
Top-Performing Inverse/Leveraged ETFs of Last Week
U.S. stocks registered the best week of the year for major indexes last week.
Neutral
ETF Trends
4 months ago
S&P Volatility Ahead Opens Door for Short-Term Traders
When volatility hits major market indexes, it can spark a sense of angst. But for short-term traders, market fluctuations open the door for opportunities.
Positive
ETF Trends
4 months ago
Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Neutral
ETF Trends
4 months ago
Can Biotech Heal Itself?
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Charts implemented using Lightweight Charts™