Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Significant Drop in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 7,578 shares, a decrease of 42.6% from the February 12th total of 13,195 shares. Based on an average daily volume of 49,949 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 49,949 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HCMT. Osaic Holdings Inc. lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after buying an additional 4,951 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter worth $207,000. Geneos Wealth Management Inc. bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at $240,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at $253,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 2.5%

Shares of HCMT traded down $0.93 during midday trading on Thursday, hitting $36.39. The company’s stock had a trading volume of 12,313 shares, compared to its average volume of 72,337. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $24.58 and a one year high of $40.92. The company’s fifty day simple moving average is $38.48 and its two-hundred day simple moving average is $38.00. The stock has a market capitalization of $541.48 million, a price-to-earnings ratio of 21.26 and a beta of 1.83.

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.