Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 37.2% in December

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 6,556 shares, an increase of 37.2% from the December 15th total of 4,780 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 51,913 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 51,913 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of HCMT stock traded down $0.04 on Friday, hitting $39.36. 68,738 shares of the stock traded hands, compared to its average volume of 88,149. The stock has a market capitalization of $589.61 million, a PE ratio of 21.26 and a beta of 1.83. The firm’s 50-day moving average price is $38.74 and its two-hundred day moving average price is $36.82. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $24.58 and a twelve month high of $40.92.

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

A number of institutional investors have recently made changes to their positions in the stock. CPR Investments Inc. boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 35.7% during the fourth quarter. CPR Investments Inc. now owns 200,182 shares of the company’s stock valued at $7,719,000 after acquiring an additional 52,660 shares during the last quarter. RIA Advisory Group LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 169.3% during the 3rd quarter. RIA Advisory Group LLC now owns 19,017 shares of the company’s stock worth $713,000 after purchasing an additional 11,956 shares during the last quarter. Crosspoint Financial LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.6% during the 3rd quarter. Crosspoint Financial LLC now owns 44,954 shares of the company’s stock worth $1,685,000 after purchasing an additional 2,404 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.5% during the third quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock worth $84,988,000 after buying an additional 32,422 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 66.8% in the third quarter. Arete Wealth Advisors LLC now owns 134,914 shares of the company’s stock valued at $5,058,000 after buying an additional 54,015 shares during the last quarter.

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.