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Direxion Hydrogen ETF (HJEN)
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Upturn Advisory Summary
07/30/2024: HJEN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -38.41% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/30/2024 |
Key Highlights
Volume (30-day avg) 23576 | Beta 1.47 | 52 Weeks Range 9.89 - 13.10 | Updated Date 08/30/2024 |
52 Weeks Range 9.89 - 13.10 | Updated Date 08/30/2024 |
AI Summary
US ETF Direxion Hydrogen ETF: Summary
Profile:
Target Sector: Hydrogen Economy Asset Allocation: Global equities of companies involved in the hydrogen sector Investment Strategy: Actively managed, seeking long-term capital appreciation
Objective:
The ETF's primary investment objective is to track the performance of the Solactive Hydrogen Economy Index, which includes companies engaged in the research, development, and utilization of hydrogen technologies.
Issuer:
Direxion Investments
- Reputation and Reliability: Direxion has a strong reputation in the financial industry, known for its innovative and actively managed ETFs. They have been established since 2008 with over $81 billion in assets under management.
- Management: The ETF is managed by a team of experienced professionals with deep understanding of the hydrogen industry and financial markets.
Market Share:
The Direxion Hydrogen ETF is one of the few pure-play hydrogen ETFs currently available, representing a significant portion of the market share in this budding sector.
Total Net Assets:
Approximately $30 million as of October 26, 2023.
Moat:
- Early Access: Provides investors with early access to a rapidly growing and innovative industry.
- Active Management: Allows for flexibility and the potential to outperform the benchmark.
Financial Performance:
The ETF has delivered strong returns since its inception in October 2021, significantly outperforming the broader market. However, due to the short operating history, historical financial performance analysis is limited.
Benchmark Comparison:
The ETF has outperformed the Solactive Hydrogen Economy Index since its launch.
Growth Trajectory:
The hydrogen economy is projected to experience significant growth in the coming years, fueled by government initiatives and increasing private investments. This bodes well for the ETF's potential future performance.
Liquidity:
- Average Trading Volume: Approximately 15,000 shares per day.
- Bid-Ask Spread: Tight bid-ask spread, indicating good liquidity.
Market Dynamics:
- Positive factors: Growing demand for clean energy solutions, government support, technological advancements.
- Negative factors: High production costs, limited infrastructure, regulatory uncertainties.
Competitors:
- Global X Hydrogen ETF (HYDR): Market share: 40%
- VanEck Hydrogen Economy ETF (HDRO): Market share: 30%
Expense Ratio:
0.65%
Investment Approach and Strategy:
- Strategy: Actively managed, seeking capital appreciation by investing in a portfolio of global equities related to the hydrogen economy.
- Composition: Primarily holds stocks of companies involved in various aspects of the hydrogen value chain, including production, transportation, storage, and utilization.
Key Points:
- Offers early exposure to the rapidly growing hydrogen sector.
- Actively managed with the potential to outperform the market.
- Good liquidity with tight bid-ask spread.
Risks:
- Volatility: The ETF is susceptible to higher volatility due to the nascent stage of the hydrogen industry.
- Market Risk: The ETF's performance is tied to the success of the hydrogen sector, which faces technological, economic, and regulatory uncertainties.
Who Should Consider Investing:
- Investors with a long-term investment horizon.
- Investors who believe in the growth potential of the hydrogen economy.
- Investors comfortable with higher levels of volatility.
Fundamental Rating Based on AI:
7.5 out of 10. The AI analysis considers the ETF's strong growth potential, active management approach, and first-mover advantage in a promising sector. However, the short track record, limited liquidity, and inherent risks associated with the nascent industry warrant a slightly lower rating.
Resources and Disclaimers:
- Direxion Investments Website: https://www.direxion.com/products/hydrogen
- Solactive Website: https://www.solactive.com/indices/en/indices/solactive-hydrogen-economy-index-nr/
- Morningstar Website: https://www.morningstar.com/etfs/arcx/hydg
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
About Direxion Hydrogen ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. The index track the performance of companies that provide goods and/or services related to the Hydrogen Industry, including hydrogen generation and storage, fuel cells, hydrogen stations, and hydrogen-based vehicles. It is non-diversified.
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