HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Update

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,475 shares, a growth of 456.3% from the May 31st total of 1,164 shares. Based on an average trading volume of 30,165 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of HCM Defender 500 Index ETF

A hedge fund recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc grew its stake in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,534 shares of the company’s stock after buying an additional 322 shares during the period. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Stock Down 0.3%

Shares of LGH traded down $0.19 during mid-day trading on Friday, hitting $61.92. 24,122 shares of the company traded hands, compared to its average volume of 28,762. The company has a market capitalization of $566.57 million, a PE ratio of 26.72 and a beta of 0.96. The business has a 50 day moving average of $62.65 and a 200 day moving average of $61.55. HCM Defender 500 Index ETF has a 1-year low of $53.55 and a 1-year high of $65.63.

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.