Direxion HCM Tactical Enhanced US ETF
HCMT
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Jun 22, 2023
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust - Direxion HCM Tactical Enhanced US ETF (HCMT) is an actively managed exchange-traded fund that seeks capital appreciation and enhanced returns across multiple market cycles broadly correlated to the U.S. equity markets; it utilizes a proprietary quantitative investment model, the HCM-BuyLine®, developed by subadviser Howard Capital Management, Inc., to toggle allocations between U.S. equity securities and cash or cash equivalents. When invested in equities, the fund targets leveraged exposure of up to 200% of its net assets through derivatives such as swaps, with daily allocations of up to 80% to the S&P 500 Index, up to 80% to the NASDAQ-100 Index, and up to 40% to a specific sector or industry among industrials, communication services, consumer discretionary, consumer staples, energy, financials, health care, real estate, technology, utilities, materials, biotechnology, or semiconductors; during market downturns signaled by the model, it shifts to cash equivalents including money market funds and U.S. government securities to preserve capital. The fund is part of the Direxion Shares ETF Trust, a Delaware-based registered investment company with Rafferty Asset Management, LLC (dba Direxion) as investment adviser, headquartered at 535 Madison Avenue, New York, New York. Launched on June 22, 2023, and listed on NYSE Arca, HCMT operates within the broad U.S. equity strategy segment, targeting investors seeking tactical, leveraged exposure to large-cap blends and growth/value stocks across diversified market capitalizations. Direxion Shares ETF Trust, established in 1997 originally as Potomac Funds in Alexandria, Virginia, provides a range of leveraged, inverse, and thematic ETFs with approximately $28.6 billion in assets under management as of early 2022, maintaining offices in New York, Boston, and Hong Kong. Recent developments for HCMT include ongoing portfolio rebalancing tied to HCM-BuyLine® signals, with the fund achieving total net assets of $561.81 million as of the latest reporting; it issued capital gains distributions in December 2024 ($0.75067 short-term per share) and maintains regular income dividends, such as $0.06455 in December 2024 and $0.05227 in June 2025. In 2025, Direxion expanded its single-stock leveraged and inverse ETF lineup with launches including those for Ford (July), Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), and Eli Lilly and Palo Alto Networks (March), alongside appointing Mo Sparks as Chief Product Officer in April, reflecting broader strategic growth in tactical and leveraged offerings without specific HCMT acquisitions or partnerships announced. The fund's expense ratio stands at 1.17% (net 1.15% through September 1, 2026, per operating expense limitation agreement), positioning it for active traders and institutions focused on U.S. market trends.