Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Shorted: Short Interest Up 380.8% in October

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 21,950 shares, an increase of 380.8% from the October 15th total of 4,565 shares. Based on an average daily trading volume, of 40,946 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at approximately $26,000. NFSG Corp bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at approximately $33,000. Ullmann Wealth Partners Group LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth approximately $266,000. Commonwealth Equity Services LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth approximately $427,000. Finally, Tucker Asset Management LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth approximately $568,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

NYSEARCA:HCMT traded down $0.13 during trading hours on Thursday, hitting $38.61. The company’s stock had a trading volume of 14,283 shares, compared to its average volume of 50,691. The stock has a fifty day simple moving average of $41.31 and a 200-day simple moving average of $39.52. The company has a market capitalization of $559.85 million, a P/E ratio of 21.26 and a beta of 1.64. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $34.19 and a twelve month high of $44.85.

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.