Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Rises By 100.1%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 5,765 shares, a growth of 100.1% from the August 15th total of 2,881 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 48,821 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Discipline Wealth Solutions LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after acquiring an additional 794,616 shares during the last quarter. Wealth Watch Advisors INC grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the 1st quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock worth $13,803,000 after purchasing an additional 30,783 shares during the last quarter. NewEdge Advisors LLC increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% in the second quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock valued at $11,134,000 after purchasing an additional 31,837 shares during the period. Aegis Wealth Management Inc. purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at about $2,509,000. Finally, Global Assets Advisory LLC raised its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% in the fourth quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock valued at $621,000 after buying an additional 495 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.1%

Direxion HCM Tactical Enhanced U.S. ETF stock traded down $0.44 during mid-day trading on Tuesday, hitting $40.06. The company had a trading volume of 28,486 shares, compared to its average volume of 54,918. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $43.19. The business has a fifty day moving average of $40.60 and a 200 day moving average of $39.15. The stock has a market cap of $585.68 million, a price-to-earnings ratio of 21.26 and a beta of 1.63.

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.