Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Declines By 58.9%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 38,100 shares, a decline of 58.9% from the May 15th total of 92,800 shares. Based on an average daily volume of 94,200 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 2.3%

Shares of HCMT stock opened at $30.07 on Monday. Direxion HCM Tactical Enhanced U.S. ETF has a 12-month low of $24.58 and a 12-month high of $39.52. The stock’s 50-day moving average price is $27.95 and its 200-day moving average price is $32.96. The stock has a market capitalization of $445.94 million, a price-to-earnings ratio of 21.26 and a beta of 1.80.

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

Several large investors have recently made changes to their positions in HCMT. Strategic Financial Concepts LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter worth about $1,349,000. J.W. Cole Advisors Inc. increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 32.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,840 shares of the company’s stock worth $463,000 after acquiring an additional 3,111 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 283.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 125,235 shares of the company’s stock worth $4,519,000 after acquiring an additional 92,598 shares during the last quarter. Private Advisor Group LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter worth approximately $301,000. Finally, Howard Capital Management Inc. increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 3.4% during the fourth quarter. Howard Capital Management Inc. now owns 8,257,017 shares of the company’s stock worth $297,971,000 after acquiring an additional 269,091 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.