Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,072 shares, a drop of 91.5% from the April 15th total of 36,325 shares. Based on an average trading volume of 44,687 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of HCMT stock traded up $0.27 during trading on Monday, reaching $40.11. The company’s stock had a trading volume of 50,810 shares, compared to its average volume of 66,619. The company has a market capitalization of $597.64 million, a price-to-earnings ratio of 21.26 and a beta of 1.55. The stock’s 50-day moving average price is $36.33 and its 200 day moving average price is $37.89. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $28.03 and a 1-year high of $40.92.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NFSG Corp acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at approximately $33,000. Osaic Holdings Inc. grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after purchasing an additional 4,951 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the third quarter valued at approximately $207,000. Finally, World Investment Advisors acquired a new position in shares of 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.