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

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,215 shares, a drop of 35.4% from the May 31st total of 9,628 shares. Based on an average daily volume of 47,253 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

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

A number of hedge funds have recently made changes to their positions in HCMT. Discipline Wealth Solutions LLC grew its stake in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after buying an additional 794,616 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after acquiring an additional 470,325 shares in the last quarter. Parsonex Advisory Services Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter valued at $5,992,000. NewEdge Advisors LLC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 110.5% during the 1st quarter. NewEdge Advisors LLC now owns 233,646 shares of the company’s stock worth $8,222,000 after purchasing an additional 122,632 shares during the period. Finally, Aegis Wealth Management Inc. acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at $2,509,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT remained flat at $39.92 during midday trading on Friday. The company’s stock had a trading volume of 126,469 shares, compared to its average volume of 60,927. The firm has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $38.48. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $32.48 and a 52 week high of $43.19. The firm has a market capitalization of $591.61 million, a price-to-earnings ratio of 21.26 and a beta of 1.60.

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.