HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Down 70.5% in December

HCM Defender 500 Index ETF (NYSEARCA:LGHGet Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,125 shares, a decline of 70.5% from the November 30th total of 3,819 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 26,976 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 26,976 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

HCM Defender 500 Index ETF Stock Performance

NYSEARCA LGH opened at $63.06 on Thursday. The business’s 50 day moving average price is $61.62 and its 200-day moving average price is $58.45. HCM Defender 500 Index ETF has a fifty-two week low of $44.26 and a fifty-two week high of $63.42. The company has a market cap of $583.31 million, a P/E ratio of 26.72 and a beta of 1.04.

HCM Defender 500 Index ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 16th were paid a $0.2373 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 39.0%.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc raised its position in HCM Defender 500 Index ETF (NYSEARCA:LGHFree Report) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent SEC filing.

About HCM Defender 500 Index ETF

(Get Free Report)

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.

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