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

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,765 shares, an increase of 100.1% from the August 15th total of 2,881 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 48,821 shares, the days-to-cover ratio is currently 0.1 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.6%

HCMT traded down $0.64 during trading on Monday, hitting $40.50. 14,215 shares of the stock were exchanged, compared to its average volume of 55,069. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $34.19 and a 1-year high of $43.19. The stock has a fifty day moving average price of $40.61 and a two-hundred day moving average price of $39.13. The firm has a market capitalization of $592.11 million, a P/E ratio of 21.26 and a beta of 1.63.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of institutional investors have recently modified their holdings of HCMT. Integrated Wealth Concepts LLC purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at $26,000. NewEdge Advisors LLC grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock worth $11,134,000 after purchasing an additional 31,837 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth $568,000. Wealth Watch Advisors INC increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after purchasing an additional 30,783 shares during the period. Finally, NFSG Corp acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at $33,000.

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.