Shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $43.26 and last traded at $43.2590, with a volume of 8574 shares trading hands. The stock had previously closed at $41.36.
Direxion HCM Tactical Enhanced U.S. ETF Stock Up 0.8%
The stock has a market cap of $637.14 million, a price-to-earnings ratio of 21.26 and a beta of 1.63. The company’s 50-day simple moving average is $40.70 and its 200-day simple moving average is $39.31.
Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF
Several hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after purchasing an additional 344 shares in the last quarter. Global Assets Advisory LLC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% in the fourth quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after buying an additional 495 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth about $26,000. Aegis Wealth Management Inc. boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.0% during the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock worth $2,313,000 after acquiring an additional 659 shares in the last quarter. Finally, NFSG Corp acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at about $33,000.
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.
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