HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Significant Decline in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 546 shares, a decline of 95.4% from the January 29th total of 11,829 shares. Based on an average daily trading volume, of 46,028 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,028 shares, the days-to-cover ratio is currently 0.0 days.

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 raised its holdings in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

HCM Defender 500 Index ETF Price Performance

Shares of HCM Defender 500 Index ETF stock traded up $0.78 on Wednesday, hitting $62.52. The company had a trading volume of 18,272 shares, compared to its average volume of 30,464. HCM Defender 500 Index ETF has a 52 week low of $44.26 and a 52 week high of $63.53. The company has a market cap of $581.44 million, a PE ratio of 26.72 and a beta of 1.04. The business has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $60.91.

HCM Defender 500 Index ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 16th were paid a $0.2373 dividend. This represents a dividend yield of 39.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.