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 increase in short interest in July. As of July 31st, there was short interest totaling 2,886 shares, an increase of 403.7% from the July 15th total of 573 shares. Based on an average daily volume of 43,154 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 1.6%

HCMT traded up $0.66 during trading hours on Wednesday, hitting $42.24. The company’s stock had a trading volume of 22,354 shares, compared to its average volume of 57,669. The stock has a market cap of $617.55 million, a price-to-earnings ratio of 21.26 and a beta of 1.62. The business’s 50-day moving average price is $40.42 and its 200-day moving average price is $38.67. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $32.81 and a 12 month high of $43.19.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

Hedge funds have recently made changes to their positions in the business. Discipline Wealth Solutions LLC raised its position in 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 worth $37,230,000 after purchasing an additional 794,616 shares during the period. Orion Porfolio Solutions LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after buying an additional 470,325 shares during the period. Parsonex Advisory Services Inc. purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at approximately $5,992,000. NewEdge Advisors LLC grew its stake 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 buying an additional 122,632 shares during the last quarter. Finally, Aegis Wealth Management Inc. bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter valued at approximately $2,509,000.

About Direxion HCM Tactical Enhanced U.S. ETF

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.