HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Significant Growth in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,829 shares, an increase of 47.3% from the January 15th total of 8,031 shares. Based on an average trading volume of 27,093 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 27,093 shares, the days-to-cover ratio is presently 0.4 days.

HCM Defender 500 Index ETF Trading Down 0.1%

Shares of LGH traded down $0.05 during midday trading on Friday, reaching $61.01. 43,221 shares of the company were exchanged, compared to its average volume of 32,981. The stock has a 50-day moving average price of $62.39 and a 200-day moving average price of $60.57. The company has a market cap of $567.39 million, a price-to-earnings ratio of 26.72 and a beta of 1.04. HCM Defender 500 Index ETF has a 1-year low of $44.26 and a 1-year high of $63.53.

HCM Defender 500 Index ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2373 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 39.0%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc grew its holdings in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the period. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent SEC filing.

HCM Defender 500 Index ETF Company Profile

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.