Direxion Daily Technology Bear 3X Shares (TECS)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
7.03 USD
+0.48
(7.328%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 7.09 +0.06 (0.871%) ⇧ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:53 a.m. EDT
This instrument is a high-risk leveraged bet on technology sector weakness, currently trading at a fraction of its historical value due to a decade-long structural decline. The underlying business quality is irrelevant here; the asset is purely a derivative of tech volatility. While the 9% yield looks attractive, it is a dangerous illusion generated by a collapsing share price rather than sustainable cash flows, making it a classic value trap for income seekers. The options market confirms this bearish thesis, with traders placing heavy bets on further downside while ignoring upside potential. For a short-term trader, the momentum is clearly negative, though the extreme compression in price might offer a contrarian entry for those betting on a temporary relief rally. However, the long-term outlook remains dire, as the asset has lost nearly 99.98% of its value over the last nine years, and there is no evidence of a reversal in the underlying trend. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.152741 |
| AutoTheta | 0.274786 |
| MSTL | 0.422013 |
| AutoETS | 0.448175 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.61 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.605 |
| Excess Kurtosis | -0.38 |
As of July 11, 2026, 3:53 a.m. EDT: Speculators are aggressively positioning for a massive decline, evidenced by a massive wall of put open interest at deep strikes ($1, $3, $29-$40) and significant volume spikes in out-of-the-money puts. Conversely, call activity is concentrated near the money or slightly out-of-the-money, with very little speculative capital flowing into deep calls, indicating a lack of belief in a recovery.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.74% | 3.46% | 3.85% | 2.80% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.051 | 0.743440 |
| 2026-03-24 | 0.128 | 0.654731 |
| 2025-12-23 | 0.189 | 1.139928 |
| 2025-09-23 | 0.182 | 0.924327 |
| 2025-06-24 | 0.168 | 0.585162 |
| 2025-03-25 | 0.469 | 0.873045 |
| 2024-12-23 | 0.472 | 1.064742 |
| 2024-09-24 | 0.560 | 1.020036 |
| 2024-06-25 | 0.860 | 1.477663 |
| 2024-03-19 | 0.610 | 0.786082 |
| 2023-12-21 | 1.230 | 1.236181 |
| 2023-09-19 | 1.530 | 1.043656 |
| 2023-06-21 | 1.970 | 1.323925 |
| 2023-03-21 | 2.710 | 1.107931 |
| 2020-03-24 | 13.000 | 0.190896 |
| 2019-12-23 | 24.000 | 0.330579 |
| 2019-09-24 | 39.000 | 0.348525 |
| 2019-06-25 | 60.000 | 0.458015 |
| 2019-03-19 | 49.000 | 0.310323 |
| 2018-12-27 | 80.000 | 0.283186 |
| 2018-09-25 | 63.000 | 0.339257 |
| 2018-06-19 | 25.000 | 0.113947 |
| 2018-03-20 | 30.000 | 0.112360 |
| Attribute | Value |
|---|---|
| All Time High | 41,100,000.0 |
| All Time Low | 5.9 |
| Ask | 7.18 |
| Ask Size | 22,700 |
| Average Daily Volume10 Day | 10,448,120 |
| Average Daily Volume3 Month | 8,338,980 |
| Average Volume | 8,338,980 |
| Average Volume10Days | 10,448,120 |
| Beta3 Year | -3.65 |
| Bid | 7.04 |
| Bid Size | 100,400 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 7.11 |
| Day Low | 6.76 |
| Dividend Yield | 8.94 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 7.7728 |
| Fifty Day Average Change | -0.74279976 |
| Fifty Day Average Change Percent | -0.095563985 |
| Fifty Two Week Change Percent | -74.83673 |
| Fifty Two Week High | 26.79 |
| Fifty Two Week High Change | -19.76 |
| Fifty Two Week High Change Percent | -0.73758864 |
| Fifty Two Week Low | 5.9 |
| Fifty Two Week Low Change | 1.1300001 |
| Fifty Two Week Low Change Percent | 0.19152544 |
| Fifty Two Week Range | 5.9 - 26.79 |
| First Trade Date Milliseconds | 1,230,647,400,000 |
| Five Year Average Return | -0.5628379 |
| Full Exchange Name | NYSEArca |
| 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 | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_51732426 |
| Nav Price | 6.595 |
| Net Assets | 71,900,712.0 |
| Net Expense Ratio | 1.01 |
| Open | 6.83 |
| Phone | 866-476-7523 |
| Post Market Change | 0.061199665 |
| Post Market Change Percent | 0.87055 |
| Post Market Price | 7.0912 |
| Post Market Time | 1,783,987,190 |
| Previous Close | 6.55 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.48 |
| Regular Market Change Percent | 7.32824 |
| Regular Market Day High | 7.11 |
| Regular Market Day Low | 6.76 |
| Regular Market Day Range | 6.76 - 7.11 |
| Regular Market Open | 6.83 |
| Regular Market Previous Close | 6.55 |
| Regular Market Price | 7.03 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 10,435,184 |
| Short Name | Direxion Technology Bear 3X ETF |
| Source Interval | 15 |
| Symbol | TECS |
| Three Year Average Return | -0.6281674 |
| Total Assets | 71,900,712 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -69.92791 |
| Trailing Three Month Returns | -69.92791 |
| Triggerable | 1 |
| Two Hundred Day Average | 15.15905 |
| Two Hundred Day Average Change | -8.129049 |
| Two Hundred Day Average Change Percent | -0.5362506 |
| Type Disp | ETF |
| Volume | 10,435,184 |
| Yield | 0.08939999 |
| Ytd Return | -63.98562 |