Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Declines By 72.5%

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 742 shares, a drop of 72.5% from the April 15th total of 2,700 shares. Based on an average daily volume of 21,401 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

HCM Defender 500 Index ETF Trading Up 1.0%

NYSEARCA LGH traded up $0.61 during mid-day trading on Wednesday, hitting $63.64. The company’s stock had a trading volume of 16,508 shares, compared to its average volume of 29,681. The company’s 50 day simple moving average is $59.33 and its 200 day simple moving average is $61.08. HCM Defender 500 Index ETF has a twelve month low of $49.10 and a twelve month high of $63.75. The firm has a market capitalization of $582.31 million, a price-to-earnings ratio of 26.72 and a beta of 0.96.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc raised its stake in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the period. IFP Advisors Inc owned about 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent SEC filing.

HCM Defender 500 Index ETF Company Profile

The HCM Defender 500 Index ETF (LGH) is an exchange-traded fund that is based on the HCM Defender 500 index. The fund tracks a proprietary index that toggles between US large-cap stocks and Treasurys, or a combination of both, depending on risk in the US equity market. LGH was launched on Oct 10, 2019 and is managed by HCM.