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About Direxion Shares ETF Trust Direxion HCM Tactical Enhanced US ETF
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Inception date
Jun 22, 2023
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
HCMT is a fund-of-funds that aims to provide enhanced returns across multiple market cycles by allocating between US equities and cash or cash equivalents. Portfolio allocation is based on a proprietary quantitative model that utilizes the HCM-BuyLine, a tactical indicator that uses technical factors to identify broad trends in the US equity markets. An upward or downward trend is established when the S&P 500 Index closes above (for five consecutive days) or hits a specified threshold below the HCM-BuyLine. During an upward trend, the fund holds stocks, ETFs, and derivatives to achieve daily leveraged exposures of approximately 80% S&P 500, 80% NASDAQ-100, and up to 40% sector allocation. The fund selects only one sector whose market trend is the strongest according to a proprietary relative strength formula. The portfolio may rebalance daily when invested in US equities. During a downward trend, the fund fully invests in cash or cash equivalents in an attempt to preserve capital.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Cash
Stocks85.28%
Electronic Technology19.90%
Technology Services18.29%
Finance12.84%
Retail Trade6.78%
Health Technology6.45%
Consumer Non-Durables3.16%
Producer Manufacturing2.61%
Consumer Services2.55%
Utilities2.10%
Energy Minerals2.09%
Consumer Durables1.84%
Transportation1.34%
Process Industries1.26%
Industrial Services0.83%
Health Services0.82%
Communications0.77%
Commercial Services0.64%
Distribution Services0.56%
Non-Energy Minerals0.41%
Miscellaneous0.03%
Bonds, Cash & Other14.72%
Cash14.72%
Stock breakdown by region
North America97.54%
Europe2.46%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HCMT invests in stocks. The fund's major sectors are Electronic Technology, with 19.90% stocks, and Technology Services, with 18.29% of the basket. The assets are mostly located in the North America region.
HCMT last dividends amounted to 0.05 USD. The quarter before, the issuer paid 0.06 USD in dividends, which shows a 21.52% decrease.
HCMT assets under management is 497.64 M USD. It's risen 10.63% over the last month.
HCMT fund flows account for 137.88 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HCMT pays dividends to its holders with the dividend yield of 0.74%. The last dividend (Jul 1, 2025) amounted to 0.05 USD. The dividends are paid quarterly.
HCMT shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Jun 22, 2023, and its management style is Active.
HCMT expense ratio is 1.17% meaning you'd have to pay 1.17% of your investment to help manage the fund.
HCMT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HCMT invests in stocks.
HCMT price has risen by 9.53% over the last month, and its yearly performance shows a −7.07% decrease. See more dynamics on HCMT price chart.
NAV returns, another gauge of an ETF dynamics, showed a 24.09% increase in three-month performance and has decreased by −5.34% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 24.09% increase in three-month performance and has decreased by −5.34% in a year.
HCMT trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.