Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Expands By 80.1%

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,245 shares, a growth of 80.1% from the July 15th total of 7,354 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 21,168 shares, the days-to-cover ratio is currently 0.6 days.

HCM Defender 500 Index ETF Stock Down 0.7%

NYSEARCA LGH traded down $0.44 during trading hours on Tuesday, reaching $66.32. The company’s stock had a trading volume of 5,614 shares, compared to its average volume of 27,580. HCM Defender 500 Index ETF has a 1 year low of $56.12 and a 1 year high of $67.59. The company has a market capitalization of $596.88 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. The firm’s 50-day moving average price is $64.16 and its 200-day moving average price is $62.09.

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.