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Direxion HCM Tactical Enhanced US ETF HCMT

Is Direxion HCM Tactical Enhanced US ETF Halal?

Shariah Compliance Analysis of HCMT ETF

No. As of October 2026, Direxion HCM Tactical Enhanced US ETF (HCMT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

HCMT was created on 2023-06-22 by Direxion. The fund's investment portfolio concentrates primarily on total market equity. 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.

HCMT Shariah Compliance

As of October 2026, Direxion HCM Tactical Enhanced US ETF is classified as not halal.

NOT HALAL

Direxion HCM Tactical Enhanced US ETF (HCMT) Chart

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