Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Significant Drop in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,072 shares, a decrease of 91.5% from the April 15th total of 36,325 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 44,687 shares, the days-to-cover ratio is currently 0.1 days.

Direxion HCM Tactical Enhanced U.S. ETF Trading Down 1.0%

Shares of HCMT traded down $0.41 during midday trading on Tuesday, reaching $39.70. 18,379 shares of the stock were exchanged, compared to its average volume of 66,078. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $28.03 and a 52 week high of $40.92. The company’s 50 day moving average is $36.33 and its two-hundred day moving average is $37.89. The company has a market capitalization of $591.53 million, a P/E ratio of 21.26 and a beta of 1.55.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NFSG Corp bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter worth $33,000. World Investment Advisors grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 36.5% during the 1st quarter. World Investment Advisors now owns 7,922 shares of the company’s stock worth $279,000 after buying an additional 2,120 shares in the last quarter. Aegis Wealth Management Inc. grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.0% during the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock worth $2,313,000 after buying an additional 659 shares in the last quarter. Discipline Wealth Solutions LLC grew its position 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 buying an additional 794,616 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after buying an additional 344 shares in the last quarter.

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.