HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Large Growth in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 15,685 shares, an increase of 835.3% from the October 15th total of 1,677 shares. Based on an average daily trading volume, of 21,377 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

HCM Defender 500 Index ETF Stock Down 0.2%

Shares of LGH traded down $0.16 during trading hours on Thursday, reaching $64.54. The stock had a trading volume of 15,782 shares, compared to its average volume of 26,253. The company has a market cap of $577.63 million, a P/E ratio of 24.20 and a beta of 0.93. HCM Defender 500 Index ETF has a 52 week low of $56.12 and a 52 week high of $67.97. The firm has a 50-day moving average of $65.86 and a 200 day moving average of $63.27.

About HCM Defender 500 Index ETF

The HCM Defender 500 Index ETF (LGH) is an exchange-traded fund that is based on the HCM Defender 500 index. The fund tracks a proprietary index that toggles between US large-cap stocks and Treasurys, or a combination of both, depending on risk in the US equity market. LGH was launched on Oct 10, 2019 and is managed by HCM.