Crosspoint Financial LLC Buys 1,937 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Crosspoint Financial LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,550 shares of the company’s stock after purchasing an additional 1,937 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF accounts for about 3.7% of Crosspoint Financial LLC’s investment portfolio, making the stock its 5th biggest holding. Crosspoint Financial LLC’s holdings in Direxion HCM Tactical Enhanced U.S. ETF were worth $1,386,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after purchasing an additional 4,951 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 22.7% during the second quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock worth $7,213,000 after buying an additional 41,033 shares during the last quarter. Optivise Advisory Services LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the second quarter worth $707,000. Atria Investments Inc raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 17.7% during the second quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock worth $909,000 after acquiring an additional 4,185 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 8.9% in the second quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock valued at $300,201,000 after acquiring an additional 754,703 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of HCMT opened at $38.46 on Friday. The firm has a 50-day moving average of $38.07 and a 200-day moving average of $34.51. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $24.58 and a one year high of $40.92. The company has a market cap of $578.82 million, a PE ratio of 21.26 and a beta of 1.83.

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.