HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Large Increase in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,245 shares, a growth of 80.1% from the July 15th total of 7,354 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 21,168 shares, the short-interest ratio is currently 0.6 days.

HCM Defender 500 Index ETF Stock Down 0.3%

NYSEARCA:LGH traded down $0.22 during midday trading on Friday, hitting $67.17. The stock had a trading volume of 13,350 shares, compared to its average volume of 27,842. The stock has a 50-day moving average of $64.08 and a 200 day moving average of $62.07. The company has a market capitalization of $604.53 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. HCM Defender 500 Index ETF has a one year low of $56.12 and a one year high of $67.59.

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HCM Defender 500 Index ETF Company Profile

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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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