Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 6,556 shares, an increase of 37.2% from the December 15th total of 4,780 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 51,913 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 51,913 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT stock traded down $0.04 during midday trading on Friday, hitting $39.36. The stock had a trading volume of 68,738 shares, compared to its average volume of 88,149. The business has a 50-day moving average of $38.74 and a two-hundred day moving average of $36.79. The firm has a market cap of $589.61 million, a price-to-earnings ratio of 21.26 and a beta of 1.83. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $24.58 and a 52-week high of $40.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after purchasing an additional 4,951 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at approximately $207,000. Geneos Wealth Management Inc. bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth approximately $240,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth approximately $253,000.

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.