HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Significant Drop in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,037 shares, a decline of 86.2% from the August 15th total of 14,745 shares. Based on an average daily volume of 22,790 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

HCM Defender 500 Index ETF Price Performance

LGH stock traded up $0.77 during mid-day trading on Friday, hitting $65.75. 17,706 shares of the stock were exchanged, compared to its average volume of 27,345. The business has a fifty day moving average price of $65.22 and a 200 day moving average price of $62.61. The stock has a market capitalization of $591.75 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. HCM Defender 500 Index ETF has a 12 month low of $56.12 and a 12 month high of $67.59.

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.