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Asset Summary

Daily Performance Report for TECL ETF: Dec 9, 2024

Summary: The day started with TECL ETF opening at $101.8 and closing at $98.94. The ETF showed weakness throughout the day, with the highest price observed at $101.85 and the lowest at $98.82. The underlying asset had a trading range of $3.03 Overall, it was a negative trading day for TECL ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-2.86 or -2.81% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for TECL ETF was 866,676 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $101.8.

Highest Price: The highest price observed during the day was $101.85.

Lowest Price: The lowest price observed during the day was $98.82.

Closing Price: The day ended at $98.94.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Risks include the potential for significant losses due to the leveraged nature of the ETF. Leveraged ETFs can experience high volatility and are generally more suitable for short-term trading rather than long-term investing. The daily reset of leverage can lead to performance deviations over longer periods.

TECL adjusts its holdings and leverage to reflect changes in the Technology Select Sector Index. The ETF rebalances daily to maintain its 3x leverage ratio, which involves buying or selling derivatives to achieve the desired exposure.

TECL has an expense ratio of approximately 1.08%. This fee covers the costs of managing and operating the fund, including administrative and management expenses.

Key performance metrics for TECL include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the performance relative to the Technology Select Sector Index, the expense ratio indicates the cost of managing the fund, and tracking error measures how closely the fund tracks its target index.

TECL typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the fund and any net investment income.

Yes, TECL can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged nature and high volatility, it is essential to consider how it fits with your overall investment strategy and risk tolerance.

TECL is managed by Direxion, which employs a leveraged investment strategy to achieve its objective. The fund uses financial derivatives such as futures contracts, options, and swaps to amplify the performance of the Technology Select Sector Index by 300% on a daily basis.

TECL uses financial derivatives to achieve three times the daily performance of the Technology Select Sector Index. The fund rebalances daily to maintain its leverage ratio, which can lead to amplified gains in rising markets and amplified losses in declining markets.

Historical performance data for TECL includes past returns, NAV, and volatility. This data provides insights into how well the ETF has performed relative to its target index and how its leveraged strategy has impacted returns over time.

Factors influencing TECL’s performance include the volatility of the technology sector, market conditions, and the performance of the underlying Technology Select Sector Index. The effectiveness of the leveraged strategy and daily rebalancing also play a role in performance.

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