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Direxion Daily Technology Bull 3X Shares declares quarterly distribution of $0.2093
Seeking Alpha News (Tue, 23-Jun 3:34 PM ET)
The Direxion Daily Technology Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. The Index is calculated by the using a modified market capitalization methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index. Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes & each of the component securities in the Index is a constituent company of the S&P 500.
Direxion Daily Technology Bull 3X ETF trades on the ARCA stock market under the symbol TECL.
As of June 23, 2026, TECL stock price declined to $210.24 with 1,133,576 million shares trading.
TECL has a beta of 4.56, meaning it tends to be more sensitive to market movements. TECL has a correlation of 0.75 to the broad based SPY ETF.
TECL has a market cap of $6.09 billion. This is considered a Mid Cap stock.
In the last 3 years, TECL traded as high as $275.40 and as low as $32.52.
TECL has outperformed the market in the last year with a return of +172.4%, while the SPY ETF gained +24.7%. In the last 3 month period, TECL beat the market returning +127.8%, while SPY returned +13.4%. However, in the most recent 2 weeks TECL has underperformed the stock market by returning -2.4%, while SPY returned -0.5%.
TECL support price is $224.48 and resistance is $254.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TECL shares will trade within this expected range on the day.