HCM Defender 500 Index ETF (NYSEARCA:LGH) Shares Shorted: Short Interest Down 41.2% in October

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,677 shares, a decrease of 41.2% from the September 30th total of 2,854 shares. Based on an average trading volume of 19,732 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

HCM Defender 500 Index ETF Trading Up 0.6%

Shares of NYSEARCA:LGH traded up $0.38 during trading on Tuesday, hitting $64.47. 2,517 shares of the company were exchanged, compared to its average volume of 26,279. The firm has a fifty day moving average price of $66.14 and a two-hundred day moving average price of $63.20. The stock has a market cap of $577.05 million, a price-to-earnings ratio of 26.72 and a beta of 0.95. HCM Defender 500 Index ETF has a fifty-two week low of $56.12 and a fifty-two week high of $67.97.

About HCM Defender 500 Index ETF

The HCM Defender 500 Index ETF (LGH) is an exchange-traded fund that is based on the HCM Defender 500 index. The fund tracks a proprietary index that toggles between US large-cap stocks and Treasurys, or a combination of both, depending on risk in the US equity market. LGH was launched on Oct 10, 2019 and is managed by HCM.