Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Declines By 82.6%

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,164 shares, a decline of 82.6% from the May 14th total of 6,685 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 26,317 shares, the short-interest ratio is presently 0.0 days.

HCM Defender 500 Index ETF Price Performance

NYSEARCA:LGH traded down $1.37 on Wednesday, hitting $61.32. 33,844 shares of the company’s stock were exchanged, compared to its average volume of 29,001. The firm has a 50-day moving average price of $61.25 and a 200-day moving average price of $61.41. HCM Defender 500 Index ETF has a 52 week low of $51.38 and a 52 week high of $65.63. The company has a market cap of $561.08 million, a P/E ratio of 26.72 and a beta of 0.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc boosted its stake in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the SEC.

About HCM Defender 500 Index ETF

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.