Direxion Hydrogen ETF
HJEN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Mar 25, 2021
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Hydrogen ETF (HJEN) is an exchange-traded fund that provides leveraged and inverse exposure to the performance of the Solactive Global Hydrogen Index, focusing on companies involved in hydrogen-related businesses worldwide. The fund employs daily leveraged investment results of 200% or -200% of the index's performance, utilizing swap agreements, futures contracts, options, and other financial instruments with counterparties such as investment banks; it also invests in short-term securities for collateral and liquidity management. HJEN targets the clean energy sector, specifically hydrogen production, storage, fuel cells, electrolyzers, and related technologies, serving investors seeking amplified returns in the emerging hydrogen economy. Headquartered in Wilton, Connecticut, and managed by Direxion Investments, a subsidiary of Rafferty Asset Management, LLC, the ETF launched in 2019 and operates globally, with primary exposure to companies across North America, Europe, and Asia-Pacific regions. Its portfolio includes major holdings such as Plug Power Inc., Ballard Power Systems Inc., and Nel ASA, spanning fuel cell manufacturers, hydrogen producers, and equipment providers. In recent developments, Direxion announced enhancements to its suite of thematic ETFs in 2024, including increased marketing efforts for clean energy products amid rising global interest in hydrogen infrastructure; the fund also benefited from strategic index rebalances by Solactive to incorporate new entrants in green hydrogen technologies. No major acquisitions or name changes have occurred, but Direxion expanded its partnerships with authorized participants for improved liquidity in late 2024. These updates position HJEN to capitalize on accelerating policy support for hydrogen in the EU and U.S., including the Inflation Reduction Act incentives.