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

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,565 shares, a decrease of 56.3% from the September 30th total of 10,444 shares. Based on an average daily volume of 32,795 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Partners Wealth Management LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 3rd quarter worth $4,884,000. Envestnet Asset Management Inc. lifted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock worth $8,285,000 after buying an additional 2,414 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at about $26,000. NewEdge Advisors LLC boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock worth $11,134,000 after buying an additional 31,837 shares during the last quarter. Finally, Tucker Asset Management LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at approximately $568,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock traded down $2.22 during trading on Friday, reaching $38.98. The company’s stock had a trading volume of 16,121 shares, compared to its average volume of 51,277. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $34.19 and a one year high of $44.85. The business’s fifty day moving average price is $41.83 and its 200-day moving average price is $39.57. The firm has a market cap of $565.21 million, a price-to-earnings ratio of 21.26 and a beta of 1.61.

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.