Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $41.36, but opened at $43.25. Direxion HCM Tactical Enhanced U.S. ETF shares last traded at $43.3860, with a volume of 452 shares trading hands.
Direxion HCM Tactical Enhanced U.S. ETF Stock Up 0.8%
The firm has a market capitalization of $637.14 million, a price-to-earnings ratio of 21.26 and a beta of 1.63. The company’s fifty day moving average is $40.70 and its two-hundred day moving average is $39.31.
Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF
A number of institutional investors have recently made changes to their positions in the stock. Axxcess Wealth Management LLC lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after buying an additional 344 shares during the period. Global Assets Advisory LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% during the 4th quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after buying an additional 495 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at about $26,000. Aegis Wealth Management Inc. raised its position in shares of 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 valued at $2,313,000 after acquiring an additional 659 shares during the period. Finally, NFSG Corp acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at approximately $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.
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