Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Decreases By 82.6%

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,164 shares, a decrease of 82.6% from the May 14th total of 6,685 shares. Based on an average daily volume of 26,317 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

HCM Defender 500 Index ETF Price Performance

Shares of LGH traded up $0.36 during mid-day trading on Friday, hitting $63.12. The stock had a trading volume of 44,551 shares, compared to its average volume of 29,115. HCM Defender 500 Index ETF has a 52 week low of $51.38 and a 52 week high of $65.63. The business has a fifty day moving average price of $61.47 and a 200-day moving average price of $61.45. The firm has a market cap of $577.55 million, a P/E ratio of 26.72 and a beta of 0.96.

Institutional Investors Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc lifted its stake in 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 firm owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the period. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent reporting period.

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.