Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,886 shares, an increase of 403.7% from the July 15th total of 573 shares. Based on an average daily volume of 43,154 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT traded up $0.66 on Wednesday, hitting $42.24. 22,354 shares of the company’s stock were exchanged, compared to its average volume of 57,669. The stock has a market capitalization of $617.55 million, a price-to-earnings ratio of 21.26 and a beta of 1.62. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $32.81 and a 12 month high of $43.19. The business’s 50 day simple moving average is $40.42 and its two-hundred day simple moving average is $38.67.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Watch Advisors INC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the 1st quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock worth $13,803,000 after purchasing an additional 30,783 shares during the period. Discipline Wealth Solutions LLC increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 7.7% during the fourth quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock valued at $10,155,000 after buying an additional 18,810 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 110.5% in the first quarter. NewEdge Advisors LLC now owns 233,646 shares of the company’s stock valued at $8,222,000 after acquiring an additional 122,632 shares in the last quarter. Aegis Wealth Management Inc. purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter worth about $2,509,000. Finally, RIA Advisory Group LLC lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 9.3% in the fourth quarter. RIA Advisory Group LLC now owns 20,788 shares of the company’s stock worth $802,000 after acquiring an additional 1,771 shares during the period.

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.