Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Grows By 628.5%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 45,279 shares, an increase of 628.5% from the June 15th total of 6,215 shares. Based on an average trading volume of 42,319 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.4%

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock traded down $0.60 during midday trading on Monday, hitting $40.84. The company had a trading volume of 9,730 shares, compared to its average volume of 60,424. The stock has a market cap of $608.52 million, a price-to-earnings ratio of 21.26 and a beta of 1.60. The company has a fifty day simple moving average of $40.63 and a 200 day simple moving average of $38.58. Direxion HCM Tactical Enhanced U.S. ETF has a 12-month low of $32.54 and a 12-month high of $43.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Axxcess Wealth Management LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after buying an additional 344 shares during the period. Global Assets Advisory LLC increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% in the 4th quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock valued at $621,000 after acquiring an additional 495 shares during the period. Osaic Holdings Inc. increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in 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 during the period. Aegis Wealth Management Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 1.0% in the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock worth $2,313,000 after acquiring an additional 659 shares during the last quarter. Finally, NFSG Corp purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth $33,000.

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.