Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Large Growth in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,765 shares, an increase of 100.1% from the August 15th total of 2,881 shares. Based on an average daily volume of 48,821 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

NYSEARCA:HCMT traded up $0.55 during mid-day trading on Wednesday, hitting $40.60. The company had a trading volume of 3,828 shares, compared to its average volume of 54,625. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $34.19 and a fifty-two week high of $43.19. The business’s fifty day moving average is $40.60 and its two-hundred day moving average is $39.16. The firm has a market cap of $593.65 million, a P/E ratio of 21.26 and a beta of 1.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after acquiring an additional 344 shares during the last quarter. Global Assets Advisory LLC raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% during the 4th quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after purchasing an additional 495 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at approximately $26,000. Aegis Wealth Management Inc. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 1.0% during the first quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock worth $2,313,000 after buying an additional 659 shares during the last quarter. Finally, NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth $33,000.

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.