Wealth Watch Advisors INC Boosts Stock Holdings in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Wealth Watch Advisors INC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,248 shares of the company’s stock after buying an additional 30,783 shares during the quarter. Direxion HCM Tactical Enhanced U.S. ETF comprises about 5.8% of Wealth Watch Advisors INC’s holdings, making the stock its 5th largest position. Wealth Watch Advisors INC owned 2.63% of Direxion HCM Tactical Enhanced U.S. ETF worth $13,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HCMT. NFSG Corp acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at $33,000. Osaic Holdings Inc. grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after acquiring an additional 4,951 shares during the period. World Investment Advisors bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter worth about $224,000. Finally, Axxcess Wealth Management LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after acquiring an additional 344 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT opened at $38.21 on Monday. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $32.54 and a 1 year high of $43.19. The business’s 50-day moving average is $40.71 and its 200-day moving average is $38.62. The company 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.