Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Hits New 12-Month High – Should You Buy?

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) hit a new 52-week high on Monday . The company traded as high as $43.26 and last traded at $43.2590, with a volume of 8574 shares changing hands. The stock had previously closed at $41.36.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 0.8%

The company has a 50-day moving average of $40.70 and a 200-day moving average of $39.31. The firm has a market capitalization of $637.14 million, a price-to-earnings ratio of 21.26 and a beta of 1.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Wealth Watch Advisors INC increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the 1st quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after acquiring an additional 30,783 shares during the period. Tucker Asset Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the second quarter valued at about $568,000. NewEdge Advisors LLC grew its holdings in 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 worth $8,222,000 after acquiring an additional 122,632 shares during the period. Discipline Wealth Solutions LLC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 301.7% in the first quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after acquiring an additional 794,616 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at about $26,000.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

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.