Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.56 and traded as low as $38.67. Direxion HCM Tactical Enhanced U.S. ETF shares last traded at $38.98, with a volume of 16,121 shares traded.
Direxion HCM Tactical Enhanced U.S. ETF Stock Down 5.4%
The stock’s 50 day moving average price is $41.80 and its 200-day moving average price is $39.56. The stock has a market capitalization of $565.21 million, a PE ratio of 21.26 and a beta of 1.61.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of HCMT. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at about $26,000. NFSG Corp bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the first quarter worth about $33,000. World Investment Advisors grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 36.5% during the first quarter. World Investment Advisors now owns 7,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,120 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the second quarter worth about $568,000. Finally, Partners Wealth Management LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter valued at approximately $4,884,000.
Direxion HCM Tactical Enhanced U.S. ETF Company Profile
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.
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