Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Grows By 800.9%

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 6,685 shares, an increase of 800.9% from the April 30th total of 742 shares. Based on an average daily trading volume, of 19,281 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc increased its stake in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

HCM Defender 500 Index ETF Trading Up 0.3%

Shares of NYSEARCA LGH opened at $65.17 on Friday. The firm has a market cap of $596.31 million, a PE ratio of 26.72 and a beta of 0.96. HCM Defender 500 Index ETF has a 1-year low of $50.11 and a 1-year high of $65.37. The company has a fifty day moving average price of $60.29 and a 200 day moving average price of $61.26.

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.