Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 403.7% in July

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,886 shares, an increase of 403.7% from the July 15th total of 573 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 43,154 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Hedge funds have recently bought and sold shares of the business. NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at about $33,000. Osaic Holdings Inc. raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after acquiring an additional 4,951 shares during the last quarter. World Investment Advisors purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at approximately $224,000. Finally, Axxcess Wealth Management LLC boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after acquiring an additional 344 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.7%

HCMT traded up $0.72 during trading on Thursday, reaching $42.81. The stock had a trading volume of 22,088 shares, compared to its average volume of 57,506. The company has a market capitalization of $625.88 million, a price-to-earnings ratio of 21.26 and a beta of 1.62. The stock’s 50 day moving average is $40.41 and its two-hundred day moving average is $38.72. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $32.81 and a one year high of $43.19.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

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.