Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Hits New 1-Year High – Here’s What Happened

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) shares hit a new 52-week high during trading on Friday. The company traded as high as $43.76 and last traded at $43.7950, with a volume of 6245 shares changing hands. The stock had previously closed at $42.90.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

The stock has a fifty day moving average of $41.15 and a 200 day moving average of $39.60. The firm has a market capitalization of $634.08 million, a P/E ratio of 21.26 and a beta of 1.63.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the second quarter valued at about $26,000. NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter worth about $33,000. World Investment Advisors purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at about $224,000. Tucker Asset Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at about $568,000. Finally, Aegis Wealth Management Inc. grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.0% during the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock valued at $2,313,000 after acquiring an additional 659 shares during the period.

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.