Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Significant Increase in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 9,628 shares, a growth of 264.3% from the May 14th total of 2,643 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 49,918 shares, the short-interest ratio is presently 0.2 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock traded up $0.47 on Friday, reaching $40.90. The stock had a trading volume of 51,073 shares, compared to its average volume of 61,754. The business’s 50-day moving average price is $38.54 and its two-hundred day moving average price is $38.27. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $29.80 and a fifty-two week high of $43.19. The stock has a market cap of $609.41 million, a P/E ratio of 21.26 and a beta of 1.61.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 15.6% in the third quarter. Envestnet Asset Management Inc. now owns 226,206 shares of the company’s stock worth $8,480,000 after buying an additional 30,502 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 66.8% in the third quarter. Arete Wealth Advisors LLC now owns 134,914 shares of the company’s stock worth $5,058,000 after buying an additional 54,015 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 7.7% in the fourth quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock worth $10,155,000 after buying an additional 18,810 shares during the last quarter. CPR Investments Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 35.7% in the fourth quarter. CPR Investments Inc. now owns 200,182 shares of the company’s stock worth $7,719,000 after buying an additional 52,660 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.5% in the third quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock worth $84,988,000 after buying an additional 32,422 shares during the last quarter.

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.