HCMT

Direxion HCM Tactical Enhanced US ETF

$38.05

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The Direxion HCM Tactical Enhanced US ETF (HCMT) seeks to provide investment results that correspond to a multiple of the performance of the S&P 500 Index.

Overview

ETF tracking Direxion HCM Tactical Enhanced US ETF

Category Leveraged

Issuer Other

Inception Date 2023-06-22

Market Cap $566.1M

Average Volume N/A

Dividend Yield 2.56%

52-Week Range $24.95 - $40.76

VWAP $38.23

Performance

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Investment Summary

📎 Investment Objective

The Direxion HCM Tactical Enhanced US ETF (HCMT) seeks to provide investment results that correspond to a multiple of the performance of the S&P 500 Index.

🎯 Investment Strategy

The fund uses a leveraged strategy, aiming to provide a 2x or -2x multiple of the daily performance of the S&P 500 Index. It utilizes derivatives and other financial instruments to achieve this leveraged exposure.

✨ Key Features

Leveraged exposure to the S&P 500 Index, with the potential for amplified gains or losses
Employs derivatives and other instruments to achieve its leveraged strategy
Resets daily, so performance may not match the index over longer periods
Very low assets under management and no historical performance data available

⚠️ Primary Risks

Leveraged funds can experience significant volatility and may not perform as expected over longer time periods
Derivative instruments used to achieve leverage introduce additional risks, such as counterparty risk
Lack of performance history makes it difficult to assess the fund's long-term viability and suitability
Low assets under management may indicate limited liquidity and trading volume

👤 Best For

Given the leveraged nature and lack of performance history, this ETF is best suited for experienced, risk-tolerant investors with a short-term investment horizon who understand the risks of leveraged strategies and are prepared to closely monitor the fund's performance.