Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 28.2% in April

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 36,325 shares, a growth of 28.2% from the March 31st total of 28,332 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 65,888 shares, the short-interest ratio is currently 0.6 days.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT traded up $0.53 during mid-day trading on Friday, reaching $37.49. 8,954 shares of the company were exchanged, compared to its average volume of 68,620. The firm has a market cap of $558.60 million, a price-to-earnings ratio of 21.26 and a beta of 1.79. The firm’s 50-day simple moving average is $36.22 and its 200 day simple moving average is $37.83. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $26.54 and a 1 year high of $40.92.

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

A number of hedge funds have recently made changes to their positions in HCMT. Discipline Wealth Solutions LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after purchasing an additional 794,616 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after purchasing an additional 470,325 shares during the period. Howard Capital Management Inc. boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.7% during the 3rd quarter. Howard Capital Management Inc. now owns 9,559,154 shares of the company’s stock worth $358,373,000 after purchasing an additional 344,883 shares during the period. Parsonex Advisory Services Inc. purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at approximately $5,992,000. Finally, NewEdge Advisors LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at approximately $4,281,000.

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.