Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,565 shares, a decrease of 56.3% from the September 30th total of 10,444 shares. Based on an average daily volume of 32,795 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Direxion HCM Tactical Enhanced U.S. ETF Price Performance
Shares of HCMT traded down $2.22 during mid-day trading on Friday, reaching $38.98. The company had a trading volume of 16,121 shares, compared to its average volume of 51,277. The company has a market capitalization of $565.21 million, a P/E ratio of 21.26 and a beta of 1.61. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $34.19 and a twelve month high of $44.85. The company’s 50-day moving average is $41.80 and its 200-day moving average is $39.56.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 110.5% during the 1st quarter. NewEdge Advisors LLC now owns 233,646 shares of the company’s stock valued at $8,222,000 after purchasing an additional 122,632 shares during the last quarter. Partners Wealth Management LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth approximately $4,884,000. Wealth Watch Advisors INC increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the 1st quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after purchasing an additional 30,783 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at $568,000. Finally, Envestnet Asset Management Inc. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock valued at $8,285,000 after purchasing an additional 2,414 shares in 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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