Howard Capital Management Inc. Buys 344,883 Shares of Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Howard Capital Management Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 3.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,559,154 shares of the company’s stock after acquiring an additional 344,883 shares during the period. Direxion HCM Tactical Enhanced U.S. ETF comprises about 3.9% of Howard Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Howard Capital Management Inc. owned 0.64% of Direxion HCM Tactical Enhanced U.S. ETF worth $358,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after acquiring an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after purchasing an additional 4,951 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth approximately $240,000. AQR Capital Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at $253,000. Finally, VestGen Investment Management bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at $278,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.7%

Shares of NYSEARCA HCMT opened at $39.18 on Friday. The company has a market capitalization of $581.82 million, a PE ratio of 21.26 and a beta of 1.83. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $24.58 and a twelve month high of $40.92. The firm has a fifty day simple moving average of $39.07 and a 200 day simple moving average of $37.24.

Direxion HCM Tactical Enhanced U.S. ETF 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.