HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 47.3% in January

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 11,829 shares, a growth of 47.3% from the January 15th total of 8,031 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,093 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 27,093 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

HCM Defender 500 Index ETF Stock Down 0.1%

Shares of NYSEARCA LGH traded down $0.05 during trading hours on Friday, reaching $61.01. 43,221 shares of the stock traded hands, compared to its average volume of 32,981. The company’s 50-day simple moving average is $62.39 and its two-hundred day simple moving average is $60.63. The company has a market capitalization of $567.39 million, a P/E ratio of 26.72 and a beta of 1.04. HCM Defender 500 Index ETF has a 52-week low of $44.26 and a 52-week high of $63.53.

HCM Defender 500 Index ETF Dividend Announcement

The firm also recently disclosed 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

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc boosted its holdings in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent reporting period.

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.