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 significant decline in short interest in March. As of March 13th, there was short interest totaling 1,796 shares, a decline of 76.3% from the February 26th total of 7,578 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 86,662 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 86,662 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. 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 valued at $56,000 after buying an additional 500 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after acquiring an additional 4,951 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter worth about $207,000. World Investment Advisors acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter worth about $224,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth about $240,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT traded up $0.01 during trading on Wednesday, reaching $35.18. 41,393 shares of the stock were exchanged, compared to its average volume of 74,344. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $24.58 and a 1-year high of $40.92. The stock has a fifty day moving average of $37.83 and a two-hundred day moving average of $38.09. The firm has a market cap of $523.48 million, a price-to-earnings ratio of 21.26 and a beta of 1.83.

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.