Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Shorted: Short Interest Up 83.4% in September

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 10,444 shares, a growth of 83.4% from the September 15th total of 5,696 shares. Based on an average daily volume of 21,989 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of HCMT stock opened at $42.05 on Thursday. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $34.19 and a fifty-two week high of $44.85. The stock’s 50-day moving average is $42.00 and its two-hundred day moving average is $40.12. The firm has a market cap of $608.88 million, a P/E ratio of 21.26 and a beta of 1.61.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Several large investors have recently made changes to their positions in HCMT. Discipline Wealth Solutions LLC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% in the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after buying an additional 794,616 shares during the last quarter. NewEdge Advisors LLC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 110.5% during 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. Wealth Watch Advisors INC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after acquiring an additional 30,783 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at approximately $568,000. Finally, World Investment Advisors acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at approximately $224,000.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

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.