Direxion Daily Technology Bear 3X Shares (TECS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
61.89 USD
+2.77
(4.685%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 61.88 -0.01 (-0.010%) ⇩ (Aug. 28, 2026, 7:36 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:03 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from a falling technology sector, yet the data reveals a catastrophic feedback loop where the underlying asset's collapse has rendered the fund itself nearly worthless. The long-term rating is zero because the price history shows nine consecutive years of double-digit declines, wiping out over 99% of the fund's value since inception; this is not a value trap but a structural implosion of the investment thesis. The dividend yield of 7.3% is a dangerous illusion; analyzing the payout history reveals that distributions have been slashed by more than half in the last two years as the fund's assets evaporated, proving these payments are unsustainable and likely to cease entirely. Short-term momentum remains deeply bearish, with the price trading far below its 50-day and 200-day averages, and options flow confirms that traders are betting exclusively on further losses rather than any potential rebound. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.080615 |
| MSTL | 0.082202 |
| AutoTheta | 0.320203 |
| AutoARIMA | 0.422900 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 32% |
| H-stat | 3.83 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.567 |
| Excess Kurtosis | -0.13 |
As of Aug. 22, 2026, 4:03 a.m. EDT: Speculators are overwhelmingly positioning for further downside, evidenced by massive open interest in deep out-of-the-money puts (strikes 1-30) compared to negligible call activity. The put/call ratio is extreme, with significant volume spikes in low-strike puts indicating a fear of a crash or continued bear market. Call activity is virtually non-existent except for a few speculative long-dated strikes, confirming a consensus view that the asset will not recover to current levels soon.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.74% | 3.46% | 3.85% | 2.80% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.51 | 0.743440 |
| 2026-03-24 | 1.28 | 0.654731 |
| 2025-12-23 | 1.89 | 1.139928 |
| 2025-09-23 | 1.82 | 0.924327 |
| 2025-06-24 | 1.68 | 0.585162 |
| 2025-03-25 | 4.69 | 0.873045 |
| 2024-12-23 | 4.72 | 1.064742 |
| 2024-09-24 | 5.60 | 1.020036 |
| 2024-06-25 | 8.60 | 1.477663 |
| 2024-03-19 | 6.10 | 0.786082 |
| 2023-12-21 | 12.30 | 1.236181 |
| 2023-09-19 | 15.30 | 1.043656 |
| 2023-06-21 | 19.70 | 1.323925 |
| 2023-03-21 | 27.10 | 1.107931 |
| 2020-03-24 | 130.00 | 0.190896 |
| 2019-12-23 | 240.00 | 0.330579 |
| 2019-09-24 | 390.00 | 0.348525 |
| 2019-06-25 | 600.00 | 0.458015 |
| 2019-03-19 | 490.00 | 0.310323 |
| 2018-12-27 | 800.00 | 0.283186 |
| 2018-09-25 | 630.00 | 0.339257 |
| 2018-06-19 | 250.00 | 0.113947 |
| 2018-03-20 | 300.00 | 0.112360 |
| Attribute | Value |
|---|---|
| All Time High | 411,000,000.0 |
| All Time Low | 6.18 |
| Ask | 61.98 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 347,900 |
| Average Daily Volume3 Month | 766,436 |
| Average Volume | 766,436 |
| Average Volume10Days | 347,900 |
| Beta3 Year | -3.74 |
| Bid | 61.8 |
| Bid Size | 700 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 62.0 |
| Day Low | 59.1 |
| Dividend Yield | 7.3 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 67.8956 |
| Fifty Day Average Change | -6.0056 |
| Fifty Day Average Change Percent | -0.08845345 |
| Fifty Two Week Change Percent | -75.20432 |
| Fifty Two Week High | 259.2 |
| Fifty Two Week High Change | -197.31001 |
| Fifty Two Week High Change Percent | -0.7612269 |
| Fifty Two Week Low | 56.64 |
| Fifty Two Week Low Change | 5.25 |
| Fifty Two Week Low Change Percent | 0.09269068 |
| Fifty Two Week Range | 56.64 - 259.2 |
| First Trade Date Milliseconds | 1,230,647,400,000 |
| Five Year Average Return | -0.5595842 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 2.77 |
| Fullday Change Percent | 4.68539 |
| Fullday Price | 61.88 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,229,472,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is provided by S&P Dow Jones Indices (the "index provider") and includes domestic companies from the technology sector. It is non-diversified. |
| Long Name | Direxion Daily Technology Bear 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_51732426 |
| Nav Price | 58.978 |
| Net Assets | 69,636,112.0 |
| Net Expense Ratio | 1.01 |
| Open | 59.74 |
| Phone | 866-476-7523 |
| Post Market Change | -0.0099983215 |
| Post Market Change Percent | -0.016154988 |
| Post Market Price | 61.88 |
| Post Market Time | 1,787,960,206 |
| Previous Close | 59.12 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.77 |
| Regular Market Change Percent | 4.68539 |
| Regular Market Day High | 62.0 |
| Regular Market Day Low | 59.1 |
| Regular Market Day Range | 59.1 - 62.0 |
| Regular Market Open | 59.74 |
| Regular Market Previous Close | 59.12 |
| Regular Market Price | 61.89 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 453,384 |
| Short Name | Direxion Technology Bear 3X ETF |
| Source Interval | 15 |
| Symbol | TECS |
| Three Year Average Return | -0.6464873 |
| Total Assets | 69,636,112 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -35.38714 |
| Trailing Three Month Returns | -35.38714 |
| Triggerable | 1 |
| Two Hundred Day Average | 132.0464 |
| Two Hundred Day Average Change | -70.1564 |
| Two Hundred Day Average Change Percent | -0.53130114 |
| Type Disp | ETF |
| Volume | 453,384 |
| Yield | 0.073 |
| Ytd Return | -55.86467 |