HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Down 58.7% in July

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,354 shares, a decline of 58.7% from the June 30th total of 17,792 shares. Based on an average daily trading volume, of 32,751 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

HCM Defender 500 Index ETF Price Performance

NYSEARCA LGH traded up $0.23 during trading on Tuesday, reaching $63.01. The company’s stock had a trading volume of 13,032 shares, compared to its average volume of 28,542. The stock has a market capitalization of $567.09 million, a PE ratio of 26.72 and a beta of 0.97. The firm has a fifty day moving average of $63.73 and a 200 day moving average of $61.77. HCM Defender 500 Index ETF has a one year low of $54.63 and a one year high of $65.63.

About HCM Defender 500 Index ETF

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.