HCM Defender 500 Index ETF (NYSEARCA:LGH) Shares Shorted: Short Interest Down 41.2% in October

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,677 shares, a drop of 41.2% from the September 30th total of 2,854 shares. Based on an average trading volume of 19,732 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

HCM Defender 500 Index ETF Price Performance

Shares of LGH stock traded down $1.65 during midday trading on Friday, hitting $64.57. The company had a trading volume of 30,220 shares, compared to its average volume of 26,333. The stock has a market cap of $577.90 million, a price-to-earnings ratio of 26.72 and a beta of 0.95. The company’s 50 day simple moving average is $66.18 and its 200 day simple moving average is $63.19. HCM Defender 500 Index ETF has a 52-week low of $56.12 and a 52-week high of $67.97.

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.