# Direxion HCM Tactical Enhanced US ETF (HCMT) — Overview

HCMT · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/hcmt

## Price

Last close $41.01 on Oct 16, 2026. 52-week range $34.53 – $44.64.

## Fund profile

HCMT is an actively managed fund-of-funds that toggles between a 200% leveraged US equity position and a 100% investment to cash or cash equivalents based on a proprietary tactical indicator that identifies broad trends in the US equity markets.

| Metric | Value |
| --- | --- |
| Issuer | Rafferty Asset Management, LLC |
| Industry | — |
| Inception | Jun 22, 2023 |
| Assets under management | $608.7M |
| Expense ratio | 1.18% |
| Net asset value | $42.05 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 2x |

## Frequently Asked Questions

### What is Direxion HCM Tactical Enhanced US ETF (HCMT)?

HCMT is an actively managed fund-of-funds that toggles between a 200% leveraged US equity position and a 100% investment to cash or cash equivalents based on a proprietary tactical indicator that identifies broad trends in the US equity markets.

### What is HCMT's expense ratio?

Direxion HCM Tactical Enhanced US ETF charges an annual expense ratio of 1.18%. The fund is issued by Rafferty Asset Management, LLC.

### How large is HCMT?

Direxion HCM Tactical Enhanced US ETF manages $608.7M in assets and has traded since Jun 22, 2023.

### How do I buy shares of Direxion HCM Tactical Enhanced US ETF (HCMT)?

HCMT trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).