Direxion Shares Exchange Traded Fund Trust - Daily Technology Bear 3X Shares is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russel 1000® Technology Index. As of Oct 31 2015, the Fund's total assets were $23,345,706 and the Fund's investments portfolio was valued at $15,545,224. We show 220 historical shares outstanding datapoints in our TECS shares outstanding history coverage, used to compute TECS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TECS market cap history over the course of time is important for investors
interested in comparing TECS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TECS versus a peer is one thing; comparing
TECS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TECS can fluctuate over the course of history.
With this page we aim to empower investors researching TECS by allowing them to research the TECS market cap history. |
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Video: The Importance of Market Cap
