Key stats
About 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
ISIN
US25461A7265
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
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 assets under management is 517.31 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.
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.
Yes, HCMT pays dividends to its holders with the dividend yield of 0.70%.
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.