What does Direxion Daily Technology Bear 3X Shares do?
Direxion Daily Technology Bear 3X Shares (NYSE:TECS) is a financial instrument designed to achieve daily investment results, before fees and expenses, of 300% of the inverse of the performance of the Technology Select Sector Index. It primarily engages in trades and investments aimed at benefiting from declines in technology sector values. The goal is to provide traders and investors with a tool for speculative opportunities or to hedge their technology sector exposure with triple the inverse daily performance. TECS operates solely on the NYSE Arca platform, making it accessible for a wide range of investors interested in tech sector dynamics. Its projects and objectives revolve around leveraging financial derivatives and products to manage its goals effectively, offering a unique approach for those predicting downturns in the technology market.