Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 10,444 shares, an increase of 83.4% from the September 15th total of 5,696 shares. Based on an average daily trading volume, of 21,989 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.
Direxion HCM Tactical Enhanced U.S. ETF Stock Down 3.7%
HCMT stock traded down $1.54 during trading on Friday, hitting $40.53. The company had a trading volume of 157,135 shares, compared to its average volume of 52,383. The firm has a 50-day moving average price of $42.02 and a 200-day moving average price of $40.16. The firm has a market cap of $586.87 million, a PE ratio of 21.26 and a beta of 1.61. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $34.19 and a 1-year high of $44.85.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the second quarter worth approximately $26,000. NFSG Corp purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at $33,000. World Investment Advisors purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at $224,000. Tucker Asset Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at $568,000. Finally, Aegis Wealth Management Inc. grew its position in 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 buying an additional 659 shares during the last quarter.
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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