Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 28.2% in April

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 36,325 shares, an increase of 28.2% from the March 31st total of 28,332 shares. Based on an average trading volume of 65,888 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of large investors have recently bought and sold shares of HCMT. Howard Capital Management Inc. boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 3.7% during 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 in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 2,266,959 shares of the company’s stock worth $84,988,000 after purchasing an additional 32,422 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 301.7% during the 1st quarter. Discipline Wealth Solutions LLC now owns 1,057,983 shares of the company’s stock worth $37,230,000 after purchasing an additional 794,616 shares during the last quarter. Wealth Watch Advisors INC boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 4.9% during 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 in the last quarter. Finally, LPL Financial LLC grew its stake in Direxion HCM Tactical Enhanced U.S. ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock valued at $13,222,000 after purchasing an additional 39,131 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of NYSEARCA:HCMT traded up $0.43 during trading hours on Friday, hitting $37.39. The company’s stock had a trading volume of 7,177 shares, compared to its average volume of 68,614. The firm’s fifty day moving average price is $36.22 and its 200 day moving average price is $37.83. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $26.54 and a 52 week high of $40.92. The company has a market capitalization of $557.11 million, a price-to-earnings ratio of 21.26 and a beta of 1.79.

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.