Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 98.7% in July

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 573 shares, a decline of 98.7% from the June 30th total of 45,279 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 57,405 shares, the days-to-cover ratio is presently 0.0 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.3%

HCMT traded down $0.50 during trading on Friday, reaching $38.21. The company had a trading volume of 15,096 shares, compared to its average volume of 59,487. The stock has a market cap of $563.60 million, a P/E ratio of 21.26 and a beta of 1.60. The business has a 50 day simple moving average of $40.71 and a 200-day simple moving average of $38.62. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $32.54 and a 52 week high of $43.19.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Institutional investors have recently made changes to their positions in the company. Axxcess Wealth Management LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after purchasing an additional 344 shares during the period. Global Assets Advisory LLC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 3.2% in the 4th quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after purchasing an additional 495 shares during the period. Osaic Holdings Inc. raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after purchasing an additional 500 shares during the period. Aegis Wealth Management Inc. raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 1.0% in the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock worth $2,313,000 after purchasing an additional 659 shares during the period. Finally, NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter worth about $33,000.

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.