HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 456.3% in June

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,475 shares, a growth of 456.3% from the May 31st total of 1,164 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 30,165 shares, the short-interest ratio is currently 0.2 days.

HCM Defender 500 Index ETF Stock Performance

Shares of NYSEARCA:LGH traded up $0.09 during mid-day trading on Friday, reaching $62.20. 12,963 shares of the company’s stock were exchanged, compared to its average volume of 28,668. HCM Defender 500 Index ETF has a twelve month low of $53.55 and a twelve month high of $65.63. The firm has a market capitalization of $569.13 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. The business’s fifty day moving average price is $62.59 and its 200-day moving average price is $61.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc lifted its stake in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the quarter. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

HCM Defender 500 Index ETF Company Profile

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.