HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Down 58.7% in July

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,354 shares, a decline of 58.7% from the June 30th total of 17,792 shares. Based on an average daily trading volume, of 32,751 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

HCM Defender 500 Index ETF Stock Performance

Shares of LGH stock traded down $0.54 during trading on Wednesday, hitting $62.47. The company had a trading volume of 8,584 shares, compared to its average volume of 28,386. The firm has a market capitalization of $562.23 million, a P/E ratio of 26.72 and a beta of 0.97. HCM Defender 500 Index ETF has a one year low of $54.63 and a one year high of $65.63. The stock’s 50-day moving average price is $63.73 and its 200 day moving average price is $61.77.

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.