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HCMT | Direxion Shares ETF Trust | Direxion HCM Tactical Enhanced US ETF Overview

(Stock Exchange: AMEX)
Day's Range 34.49 - 34.87
52 Week Range 23.16 - 36.73
Beta N/A
Implied Volatility N/A
IV Rank N/A
Day's Volume 38,176
Average Volume 50,281
Shares Outstanding 11,274,366
Inception Date 2023-06-22
Assets 329,861,730
Asset Class Equity
Expense Ratio N/A
P/E Ratio N/A
EPS N/A
Dividend Yield 0.72%
Dividend Per Share 0.25
Dividend ExDate N/A
Dividend PayDate N/A
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.
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Watching at HCMT technicals we can see that long-term trend is bullish, the same as bullish middle-term trend, but short-term trend is bearish. More technicals details can be found on HCMT Technicals page.
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