Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 9,628 shares, a growth of 264.3% from the May 14th total of 2,643 shares. Based on an average daily volume of 49,918 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.2%

Shares of HCMT traded up $0.47 during midday trading on Friday, reaching $40.90. The stock had a trading volume of 51,073 shares, compared to its average volume of 61,754. The company’s 50-day moving average is $38.54 and its 200 day moving average is $38.27. Direxion HCM Tactical Enhanced U.S. ETF has a 12-month low of $29.80 and a 12-month high of $43.19. The company has a market capitalization of $609.41 million, a price-to-earnings ratio of 21.26 and a beta of 1.61.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HCMT. NFSG Corp purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth about $33,000. Osaic Holdings Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the 2nd 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. Axxcess Wealth Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 3rd quarter valued at about $207,000. Finally, World Investment Advisors bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at about $224,000.

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.