Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,628 shares, an increase of 264.3% from the May 14th total of 2,643 shares. Based on an average trading volume of 49,918 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Direxion HCM Tactical Enhanced U.S. ETF Stock Up 1.2%
Shares of NYSEARCA HCMT traded up $0.47 during midday trading on Friday, reaching $40.90. The company had a trading volume of 51,073 shares, compared to its average volume of 61,754. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $29.80 and a one year high of $43.19. The firm’s fifty day moving average price is $38.54 and its 200-day moving average price is $38.27. The stock has a market cap of $609.41 million, a PE ratio of 21.26 and a beta of 1.61.
Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 15.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 226,206 shares of the company’s stock valued at $8,480,000 after acquiring an additional 30,502 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 66.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 134,914 shares of the company’s stock valued at $5,058,000 after acquiring an additional 54,015 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 7.7% in the 4th quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock valued at $10,155,000 after acquiring an additional 18,810 shares during the last quarter. CPR Investments Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 35.7% in the 4th quarter. CPR Investments Inc. now owns 200,182 shares of the company’s stock valued at $7,719,000 after acquiring an additional 52,660 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.5% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock valued at $84,988,000 after acquiring an additional 32,422 shares during the last quarter.
About Direxion HCM Tactical Enhanced U.S. ETF
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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