Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Stock Short Interest Report for October

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 21,950 shares, an increase of 380.8% from the October 15th total of 4,565 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 40,946 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of institutional investors have recently modified their holdings of HCMT. Wealth Watch Advisors INC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the 1st 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. NewEdge Advisors LLC grew its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock worth $8,285,000 after purchasing an additional 2,414 shares in the last quarter. Partners Wealth Management LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter worth approximately $4,884,000. Finally, Tucker Asset Management LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the second quarter worth approximately $568,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT traded down $0.20 during trading on Friday, hitting $38.41. The stock had a trading volume of 22,154 shares, compared to its average volume of 50,561. The company has a 50 day moving average price of $41.31 and a 200-day moving average price of $39.52. The firm has a market cap of $556.95 million, a price-to-earnings ratio of 21.26 and a beta of 1.64. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $34.19 and a one year high of $44.85.

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.