Optivise Advisory Services LLC Purchases 33,870 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Optivise Advisory Services LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 156.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,570 shares of the company’s stock after buying an additional 33,870 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF accounts for approximately 1.2% of Optivise Advisory Services LLC’s investment portfolio, making the stock its 17th largest position. Optivise Advisory Services LLC owned approximately 0.37% of Direxion HCM Tactical Enhanced U.S. ETF worth $2,083,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HCMT. Howard Capital Management Inc. grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 8.9% during the 2nd quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock worth $300,201,000 after acquiring an additional 754,703 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after purchasing an additional 470,325 shares during the last quarter. Discipline Wealth Solutions LLC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 52.1% in the second quarter. Discipline Wealth Solutions LLC now owns 270,783 shares of the company’s stock valued at $8,822,000 after buying an additional 92,740 shares during the period. CPR Investments Inc. raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 57.2% during the second quarter. CPR Investments Inc. now owns 170,496 shares of the company’s stock worth $5,555,000 after acquiring an additional 62,034 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 22.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock valued at $7,213,000 after purchasing an additional 41,033 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Direxion HCM Tactical Enhanced U.S. ETF stock opened at $39.63 on Monday. The firm has a market cap of $596.43 million, a price-to-earnings ratio of 21.26 and a beta of 1.83. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $24.58 and a 52-week high of $40.92. The firm has a 50 day moving average price of $38.72 and a two-hundred day moving average price of $35.99.

Direxion HCM Tactical Enhanced U.S. ETF Profile

The Direxion HCM Tactical Enhanced US ETF (HCMT) is an exchange-traded fund that mostly invests in total market equity. The fund 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 was launched on Jun 22, 2023 and is managed by Direxion.