HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 456.3% in June

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,475 shares, an increase of 456.3% from the May 31st total of 1,164 shares. Based on an average daily trading volume, of 30,165 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

HCM Defender 500 Index ETF Price Performance

NYSEARCA LGH traded down $0.19 during mid-day trading on Friday, reaching $61.92. 24,122 shares of the stock were exchanged, compared to its average volume of 28,762. HCM Defender 500 Index ETF has a one year low of $53.55 and a one year high of $65.63. The stock has a 50 day simple moving average of $62.65 and a 200-day simple moving average of $61.55. The stock has a market cap of $566.57 million, a P/E ratio of 26.72 and a beta of 0.96.

Institutional Investors Weigh In On HCM Defender 500 Index ETF

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc boosted its holdings in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned about 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Company Profile

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.