HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 60.7% in April

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,700 shares, an increase of 60.7% from the March 31st total of 1,680 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 29,547 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc raised its stake in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned about 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Trading Up 0.2%

Shares of LGH traded up $0.13 during mid-day trading on Monday, reaching $60.33. The company had a trading volume of 17,804 shares, compared to its average volume of 31,268. The stock has a market cap of $552.02 million, a price-to-earnings ratio of 26.72 and a beta of 0.99. The firm has a fifty day simple moving average of $59.32 and a 200-day simple moving average of $60.98. HCM Defender 500 Index ETF has a fifty-two week low of $46.58 and a fifty-two week high of $63.53.

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.