Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 100.0% in January

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1 shares, a drop of 100.0% from the January 15th total of 5,958 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 58,167 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 58,167 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 2.3% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 13,667 shares of the company’s stock valued at $440,000 after purchasing an additional 310 shares during the period. Axxcess Wealth Management LLC increased its holdings 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 during the period. Global Assets Advisory LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% during the fourth quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock valued at $621,000 after buying an additional 495 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd 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 period. Finally, RIA Advisory Group LLC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 9.3% in the 4th 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.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT opened at $38.52 on Wednesday. The business has a 50-day moving average of $39.06 and a 200-day moving average of $37.53. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $24.58 and a fifty-two week high of $40.92. The company has a market capitalization of $573.18 million, a PE 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.