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

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,854 shares, an increase of 2,812.2% from the September 15th total of 98 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,996 shares, the days-to-cover ratio is currently 0.1 days.

HCM Defender 500 Index ETF Stock Performance

LGH traded up $0.55 on Friday, reaching $67.57. The company had a trading volume of 20,087 shares, compared to its average volume of 26,875. HCM Defender 500 Index ETF has a 52-week low of $56.12 and a 52-week high of $67.94. The company has a market cap of $604.75 million, a price-to-earnings ratio of 26.72 and a beta of 0.95. The business has a 50 day simple moving average of $66.18 and a 200 day simple moving average of $63.43.

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.