Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,072 shares, a decrease of 91.5% from the April 15th total of 36,325 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 44,687 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF
Hedge funds have recently modified their holdings of the business. NFSG Corp purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at about $33,000. World Investment Advisors boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 36.5% during the 1st quarter. World Investment Advisors now owns 7,922 shares of the company’s stock valued at $279,000 after acquiring an additional 2,120 shares during the period. Aegis Wealth Management Inc. boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 1.0% during 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. Discipline Wealth Solutions LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock valued at $37,230,000 after acquiring an additional 794,616 shares during the period. Finally, Axxcess Wealth Management LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after acquiring an additional 344 shares during the period.
Direxion HCM Tactical Enhanced U.S. ETF Stock Performance
Shares of NYSEARCA HCMT traded up $0.46 during mid-day trading on Wednesday, reaching $40.13. 16,855 shares of the company’s stock were exchanged, compared to its average volume of 65,547. The firm has a market capitalization of $597.94 million, a price-to-earnings ratio of 21.26 and a beta of 1.55. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $28.03 and a 52-week high of $40.92. The company’s 50-day moving average is $36.42 and its 200-day moving average is $37.91.
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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