HCMT
Direxion HCM Tactical Enhanced US ETF·ARCA
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Key Stats
Assets Under Management
565.92MUSD
Fund Flows (1Y)
68.76MUSD
Dividend Yield
0.43%
Discount/Premium to NAV
0.05%
Shares Outstanding
14.78M
Expense Ratio
1.17%
About Direxion HCM Tactical Enhanced US ETF
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Jun 22, 2023
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -3.54% | -1.41% | -1.61% | +1.40% | +52.42% | +52.42% |
NAV Total Return | -7.39% | -3.85% | -4.85% | -3.02% | +0.23% | +0.23% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
33.14%
Financial Services
12.90%
Communication Services
11.00%
Consumer Cyclical
10.55%
Healthcare
9.60%
Industrials
8.25%
Consumer Defensive
5.26%
Energy
3.31%
Utilities
2.26%
Technology
33.14%
Financial Services
12.90%
Communication Services
11.00%
Consumer Cyclical
10.55%
Healthcare
9.60%
Industrials
8.25%
Consumer Defensive
5.26%
Energy
3.31%
Utilities
2.26%
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Asset
Region
99.48%
0.4%
0.12%
Category
Ratio
North America
99.48%
Europe
0.40%
Asia
0.12%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
INVESCO QQQ TRUST SERIES 1 SWAP
72.16%
TECHNOLOGY SELECT SECT SPDR SWAP
25.29%
DREYFUS TRSRY SECURITIES CASH MGMT
12.78%
DREYFUS GOVT CASH MAN INS
8.72%
NVDA
Nvidia
5.78%
AAPL
Apple
5.58%
MSFT
Microsoft
4.21%
AMZN
Amazon.com
3.10%
GOOGL
Alphabet A
2.65%
GOOG
Alphabet C
2.12%
Top 10 Weight 142.38%
507 Total Holdings
Is SPY better than HCMT?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-23 | 2025-12-23 | 2025-12-31 | 0.009 |
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.042 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.052 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.064 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.065 |
| 2024-12-12 | 2024-12-12 | 2024-12-19 | 0.751 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.064 |
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How Much Does HCMT Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy HCMT?
Fund Flows
