Oct. 10, 2025 5:34 PM ETDirexion Daily Technology Bull 3X Shares ETF (TECL)TECLDeVas Research1.48K FollowersSummaryThe Direxion Daily Technology Bull 3X Shares ETF offers aggressive, daily 3x leveraged exposure to the tech sector via swaps and futures.TECL's high volatility and leverage amplify both gains and losses, making it suitable only for risk-tolerant investors with strong conviction in tech rallies.TECL is best used as a short-term tool for experienced investors seeking to boost returns during tech uptrends, not as a core holding.Leverage magnifies risk; ensure TECL fits your investment goals and risk tolerance before considering this ETF for your portfolio.The Direxion Daily Technology Bull 3X Shares ETF (NYSEARCA:TECL) is an aggressive ETF that uses economic leverage in the form of swaps and futures to derive a 300% return on the assets held and on a daily reckoning. These assets, as the name suggests, are chosen from a tech-focused index, and it's called The Technology Select Sector Index (IXTTR) from S&P Global.What Do We Know About TECL?TECL and its inverse peer, the Direxion Daily Technology Bear 3X Shares ETF (TECS), are just two among dozens and dozens of broad and specific leveraged ETFs floated by Direxion over the past 17 or so years. The first wave of these made its appearance in 2008, and it included TECL and TECS. They're basically the long and the short side of the technology trade, and they work the same way to create leverage, but with diametrically opposite goals.The fund's ER stands at 0.91%, so it's kind of middle-of-the-road if you look at the spectrum of ETF costs in this active niche. You may see a figure of 0.85% on sites like Seeking Alpha and other financial portals, which is net of a few other expenses such as AFFE. That's basically "Acquired Fund Fees and expenses," which you'd normally see in a fund of funds ETF. This is a non-cash component that shareholders of TECL don't actually pay for, but the SEC requires (see under "Other Terms to Know" in the linked page) the opex of any fund held by another to reflect on the latter's gross expense ratio. I still don't know how we get to that 0.85% because TECL's fact sheet says this:If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.89% for TECL.For now, investors won't need to worry about the ERThis article was written byDeVas Research1.48K FollowersI have been a keen student of the markets for several years now. I love studying how companies grow over time, what value they deliver to their stakeholders, and projecting long-term value as an investment opportunity. I work as a content professional for a software company, but my passion is capital markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments