Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.56 and traded as low as $38.67. Direxion HCM Tactical Enhanced U.S. ETF shares last traded at $38.98, with a volume of 16,121 shares traded.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

The stock has a market cap of $565.21 million, a P/E ratio of 21.26 and a beta of 1.61. The stock’s 50-day moving average is $41.80 and its two-hundred day moving average is $39.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Watch Advisors INC boosted its holdings in shares of 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 valued at $13,803,000 after purchasing an additional 30,783 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the second quarter worth about $568,000. NewEdge Advisors LLC increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 13.6% in the second quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock worth $11,134,000 after purchasing an additional 31,837 shares during the last quarter. Partners Wealth Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the third quarter worth about $4,884,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at approximately $26,000.

About Direxion HCM Tactical Enhanced U.S. ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Direxion HCM Tactical Enhanced U.S. ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion HCM Tactical Enhanced U.S. ETF and related companies with MarketBeat.com's FREE daily email newsletter.