Direxion High Growth ETF
HIPR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Jun 11, 2020
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion High Growth ETF (HIPR) seeks investment results, before fees and expenses, that correspond to the performance of the Russell 1000 Hyper Growth Index; the index identifies high growth companies from the Russell 1000 by scoring securities based on quality, momentum, value, and volatility factors, selecting those representing growth stocks. The ETF holds a non-diversified portfolio primarily concentrated in large-cap U.S. equities, including top holdings such as Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., and Tesla Inc.; it targets institutional and retail investors seeking exposure to hyper growth segments of the U.S. equity market. Launched in June 2020 by Direxion Shares ETF Trust, headquartered in New York, the ETF operated within the large growth category with assets under management peaking around $11.89 million. In a significant operational change, Direxion Shares ETF Trust announced the liquidation and closure of HIPR in August 2021 due to insufficient assets, with trading ceasing on September 17, 2021, and final distributions to shareholders completed by September 24, 2021; this decision was recommended by adviser Rafferty Asset Management, LLC, alongside closures of three other underperforming ETFs. Despite some residual listings on financial platforms reporting activity as late as 2025, the ETF no longer accepts purchases or trades actively, reflecting Direxion's ongoing portfolio rationalization that has included multiple ETF closures in subsequent years. Direxion, founded in 1997 and managing approximately $50.6 billion in assets as of mid-2025 across leveraged, inverse, and thematic ETFs, continues to focus on U.S. and select international markets through its New York headquarters and additional offices.