Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 35.4% in June

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,215 shares, a decrease of 35.4% from the May 31st total of 9,628 shares. Based on an average daily volume of 47,253 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

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

A number of large investors have recently bought and sold shares of HCMT. Discipline Wealth Solutions LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 301.7% in the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after acquiring an additional 794,616 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after purchasing an additional 470,325 shares during the period. Parsonex Advisory Services Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at about $5,992,000. NewEdge Advisors LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 110.5% during the 1st quarter. NewEdge Advisors LLC now owns 233,646 shares of the company’s stock valued at $8,222,000 after purchasing an additional 122,632 shares in the last quarter. Finally, Aegis Wealth Management Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at about $2,509,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 2.8%

HCMT opened at $40.78 on Thursday. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $32.10 and a twelve month high of $43.19. The company has a fifty day moving average of $40.05 and a 200-day moving average of $38.47. The stock has a market cap of $604.36 million, a PE ratio of 21.26 and a beta of 1.60.

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.