Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Shares Shorted: Short Interest Up 83.4% in September

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 10,444 shares, an increase of 83.4% from the September 15th total of 5,696 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,989 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock valued at $8,285,000 after purchasing an additional 2,414 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at approximately $26,000. NewEdge Advisors LLC lifted its position in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock worth $11,134,000 after buying an additional 31,837 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth approximately $568,000. Finally, Wealth Watch Advisors INC lifted 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 worth $13,803,000 after buying an additional 30,783 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 3.2%

NYSEARCA:HCMT opened at $42.05 on Thursday. The firm has a market capitalization of $608.88 million, a price-to-earnings ratio of 21.26 and a beta of 1.61. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $34.19 and a 1-year high of $44.85. The business’s fifty day moving average price is $42.00 and its 200 day moving average price is $40.12.

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.