Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Increases By 456.3%

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 6,475 shares, an increase of 456.3% from the May 31st total of 1,164 shares. Based on an average trading volume of 30,165 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

HCM Defender 500 Index ETF Trading Up 0.1%

LGH traded up $0.09 on Friday, reaching $62.20. The stock had a trading volume of 12,963 shares, compared to its average volume of 28,668. HCM Defender 500 Index ETF has a fifty-two week low of $53.55 and a fifty-two week high of $65.63. The firm has a 50-day moving average of $62.59 and a 200-day moving average of $61.55. The company has a market capitalization of $569.13 million, a price-to-earnings ratio of 26.72 and a beta of 0.96.

Institutional Inflows and Outflows

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

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.