HCM Defender 500 Index ETF (NYSEARCA:LGH – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 6,685 shares, a growth of 800.9% from the April 30th total of 742 shares. Based on an average daily volume of 19,281 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
HCM Defender 500 Index ETF Stock Performance
Shares of NYSEARCA LGH traded up $0.19 during mid-day trading on Friday, hitting $65.17. 23,475 shares of the stock traded hands, compared to its average volume of 29,025. HCM Defender 500 Index ETF has a 52 week low of $50.11 and a 52 week high of $65.37. The company has a market cap of $596.31 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. The stock has a fifty day moving average price of $60.29 and a 200-day moving average price of $61.26.
Institutional Investors Weigh In On HCM Defender 500 Index ETF
A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc grew its stake in HCM Defender 500 Index ETF (NYSEARCA:LGH – Free Report) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.
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.
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