Key stats
About Direxion Shares ETF Trust Direxion HCM Tactical Enhanced US ETF
Home page
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.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Cash
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HCMT trades at 32.98 USD today, its price has risen 0.33% in the past 24 hours. Track more dynamics on HCMT price chart.
HCMT net asset value is 32.99 today — it's risen 9.94% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HCMT assets under management is 497.64 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HCMT invests in stocks. See more details in our Analysis section.
HCMT expense ratio is 1.17%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, HCMT is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HCMT technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HCMT shows the buy signal. See more of HCMT technicals for a more comprehensive analysis.
Today, HCMT technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HCMT shows the buy signal. See more of HCMT technicals for a more comprehensive analysis.
Yes, HCMT pays dividends to its holders with the dividend yield of 0.74%.
HCMT trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HCMT shares are issued by Rafferty Asset Management LLC
HCMT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 22, 2023.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.