Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 42.6% in February

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 7,578 shares, a decline of 42.6% from the February 12th total of 13,195 shares. Based on an average trading volume of 49,949 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 49,949 shares, the short-interest ratio is currently 0.2 days.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock traded down $0.93 during trading hours on Thursday, hitting $36.39. The company’s stock had a trading volume of 12,313 shares, compared to its average volume of 72,337. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $24.58 and a 12 month high of $40.92. The company has a market capitalization of $541.48 million, a PE ratio of 21.26 and a beta of 1.83. The stock has a 50 day moving average of $38.48 and a 200 day moving average of $38.00.

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

A number of hedge funds have recently made changes to their positions in the business. Howard Capital Management Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 3.7% in the 3rd quarter. Howard Capital Management Inc. now owns 9,559,154 shares of the company’s stock valued at $358,373,000 after acquiring an additional 344,883 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.5% in the third quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock valued at $84,988,000 after purchasing an additional 32,422 shares during the last quarter. Wealth Watch Advisors INC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 4.9% in the fourth quarter. Wealth Watch Advisors INC now owns 361,465 shares of the company’s stock valued at $13,938,000 after purchasing an additional 16,844 shares during the period. LPL Financial LLC lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 12.9% during the 4th quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock worth $13,222,000 after purchasing an additional 39,131 shares during the last quarter. Finally, Discipline Wealth Solutions LLC boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 7.7% in the 4th quarter. Discipline Wealth Solutions LLC now owns 263,367 shares of the company’s stock valued at $10,155,000 after purchasing an additional 18,810 shares during the period.

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.