Direxion Daily Technology Bull 3X Shares is an exchange-traded fund that aims to provide three times the daily investment results, before fees and expenses, of the Technology Select Sector Index. Managed by Rafferty Asset Management, it primarily invests in the U.S. technology sector through derivatives like futures and swaps, as well as other funds. It focuses on large-cap companies that show both growth and value, making it a choice for investors looking to amplify their exposure to the tech industry.
If you closed Thursday with $10,000 in Direxion Daily Technology Bull 3X Shares (NYSEARCA:TECL), you opened the weekend with about $8,000. TECL closed Friday June 5 at $202.59, down 19.93% from Thursday’s…
