What is Direxion Daily Technology Bull 3X Shares?
What is Direxion Daily Technology Bull 3X Shares?
The Direxion Daily Technology Bull (TECL) and Bear (TECS) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives.
What is Bull 3X ETF?
Leveraged 3X Long/Bull ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the underlying index.
Can you hold a leveraged ETF long term?
The simplest reason leveraged ETFs aren’t for long-term investing is that everything is cyclical and nothing lasts forever. If you’re investing for the long haul, then you will be much better off looking for low-cost ETFs. If you want high potential over the long term, then look into growth stocks.
Is Rom an ETF?
The “A+ Metric Rated ETF” field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field.
Is TECL a good ETF?
Which ETF is better – TECL or XLK? The answer is that it depends on how you’ll be using the fund. For example, if you want a short-term to intermediate term trade that aims for big short-term gains in a sector packed with bullish momentum, then TECL is an ideal choice.
Can you lose money in ETFs?
Most of the times, ETFs work just like they’re supposed to: happily tracking their indexes and trading close to net asset value. Those funds can trade up to sharp premiums, and if you buy an ETF trading at a significant premium, you should expect to lose money when you sell.
What are GraniteShares 3X?
Product Description. GraniteShares 3x Long Tesla Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Long Tesla Inc Index that seeks to provide 3 times the daily performance of Tesla Inc shares.
Are there any leveraged 3X long bull ETFs?
Leveraged 3X Long/Bull ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the underlying index. As long-only funds, they do not provide short or inverse exposure.
What kind of ETF is a 3x ETF?
3x ETFs (Exchange Traded Funds) An exchange-traded fund, or ETF, is an investment product representing a basket of securities that track an index such as the Standard & Poor’s 500 Index. ETFs, which are available to individual investors only through brokers and advisers, trade like stocks on an exchange.
Are there any technology Bull and bear ETFs?
The Direxion Daily Technology Bull (TECL) and Bear (TECS) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. Loading…
What is the definition of a leveraged 3x ETF?
Leveraged 3X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the respective underlying index.