HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Update

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 415 shares, a drop of 77.7% from the February 26th total of 1,858 shares. Based on an average daily trading volume, of 38,515 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 38,515 shares, the short-interest ratio is presently 0.0 days.

HCM Defender 500 Index ETF Stock Performance

NYSEARCA:LGH traded up $0.23 during trading hours on Wednesday, hitting $57.84. 25,782 shares of the company’s stock traded hands, compared to its average volume of 32,730. The stock’s fifty day moving average price is $61.25 and its two-hundred day moving average price is $61.26. The firm has a market cap of $537.91 million, a P/E ratio of 26.72 and a beta of 1.04. HCM Defender 500 Index ETF has a twelve month low of $44.26 and a twelve month high of $63.53.

Institutional Trading of HCM Defender 500 Index ETF

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc increased its stake in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the SEC.

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.