Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Grows By 264.3%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 9,628 shares, a growth of 264.3% from the May 14th total of 2,643 shares. Based on an average trading volume of 49,918 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

Several institutional investors have recently made changes to their positions in HCMT. AQR Capital Management LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at about $253,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after acquiring an additional 4,951 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after acquiring an additional 470,325 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at about $240,000. Finally, Osaic Holdings Inc. boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.2%

HCMT traded up $0.47 on Friday, hitting $40.90. 51,073 shares of the stock traded hands, compared to its average volume of 61,754. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $29.80 and a 52 week high of $43.19. The firm has a market capitalization of $609.41 million, a PE ratio of 21.26 and a beta of 1.61. The business has a fifty day moving average price of $38.54 and a two-hundred day moving average price of $38.27.

About Direxion HCM Tactical Enhanced U.S. ETF

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.