Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,072 shares, a drop of 91.5% from the April 15th total of 36,325 shares. Based on an average trading volume of 44,687 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Institutional investors have recently made changes to their positions in the stock. NFSG Corp acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at about $33,000. Osaic Holdings Inc. increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after acquiring an additional 4,951 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at about $207,000. Finally, World Investment Advisors acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at about $224,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Up 0.7%

Shares of HCMT traded up $0.27 during trading on Monday, reaching $40.11. 50,810 shares of the company traded hands, compared to its average volume of 66,619. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $28.03 and a twelve month high of $40.92. The stock has a market cap of $597.64 million, a PE ratio of 21.26 and a beta of 1.55. The stock has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $37.89.

Direxion HCM Tactical Enhanced U.S. ETF Company 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.