Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Significant Drop in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 6,215 shares, a drop of 35.4% from the May 31st total of 9,628 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 47,253 shares, the short-interest ratio is currently 0.1 days.

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

Institutional investors have recently bought and sold shares of the business. Discipline Wealth Solutions LLC increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 7.7% in the fourth quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock worth $10,155,000 after purchasing an additional 18,810 shares during the period. CPR Investments Inc. lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 35.7% during the 4th quarter. CPR Investments Inc. now owns 200,182 shares of the company’s stock valued at $7,719,000 after purchasing an additional 52,660 shares during the period. Orion Porfolio Solutions LLC lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 1.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock valued at $84,988,000 after purchasing an additional 32,422 shares during the period. Aegis Wealth Management Inc. acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at about $2,509,000. Finally, RIA Advisory Group LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 9.3% in the 4th quarter. RIA Advisory Group LLC now owns 20,788 shares of the company’s stock valued at $802,000 after purchasing an additional 1,771 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

NYSEARCA:HCMT opened at $39.92 on Friday. The stock has a market capitalization of $591.61 million, a P/E ratio of 21.26 and a beta of 1.60. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $32.48 and a 1 year high of $43.19. The firm has a 50 day moving average of $40.21 and a 200-day moving average of $38.49.

About Direxion HCM Tactical Enhanced U.S. ETF

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.