Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 98.7% in July

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 573 shares, a decline of 98.7% from the June 30th total of 45,279 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 57,405 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Several hedge funds have recently modified their holdings of HCMT. Discipline Wealth Solutions LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 7.7% during the 4th quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock worth $10,155,000 after buying an additional 18,810 shares during the period. CPR Investments Inc. lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 35.7% in the fourth quarter. CPR Investments Inc. now owns 200,182 shares of the company’s stock valued at $7,719,000 after buying an additional 52,660 shares during the period. Aegis Wealth Management Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at about $2,509,000. Wealth Watch Advisors INC lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after buying an additional 30,783 shares during the period. Finally, NFSG Corp acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at $33,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT opened at $38.21 on Friday. The company’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $38.62. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $32.54 and a 1 year high of $43.19. The stock has a market capitalization of $563.60 million, a price-to-earnings ratio of 21.26 and a beta of 1.60.

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.