Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 628.5% in June

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 45,279 shares, a growth of 628.5% from the June 15th total of 6,215 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 42,319 shares, the short-interest ratio is currently 1.1 days.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 1.8%

NYSEARCA HCMT traded down $0.73 during mid-day trading on Monday, reaching $40.71. 6,364 shares of the company’s stock traded hands, compared to its average volume of 60,356. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $32.54 and a 1-year high of $43.19. The company has a fifty day simple moving average of $40.63 and a 200-day simple moving average of $38.58. The company has a market cap of $606.58 million, a price-to-earnings ratio of 21.26 and a beta of 1.60.

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

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.