HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 47.3% in January

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 11,829 shares, a growth of 47.3% from the January 15th total of 8,031 shares. Based on an average daily volume of 27,093 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 27,093 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc grew its position in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. 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 Price Performance

NYSEARCA LGH traded down $0.05 on Monday, hitting $61.01. 43,221 shares of the company were exchanged, compared to its average volume of 32,981. HCM Defender 500 Index ETF has a twelve month low of $44.26 and a twelve month high of $63.53. The firm has a market capitalization of $567.39 million, a P/E ratio of 26.72 and a beta of 1.04. The company’s 50 day moving average price is $62.39 and its 200-day moving average price is $60.63.

HCM Defender 500 Index ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.2373 per share. This represents a yield of 39.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

HCM Defender 500 Index ETF Company Profile

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.