🔴 TECS is trading 4.66% down today as a technology rally pressures the inverse ETF

TECS is trading 4.66% down at $57.72 as technology stocks rally, a move that can weigh on the fund.

• The daily inverse ETF targets -300% of the Technology Select Sector Index’s daily return.
• Reuters reported Wednesday that SpaceX and Super Micro results revived the AI trade and helped lift Nasdaq futures.
• No TECS-specific catalyst was identified.