Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 573 shares, a drop of 98.7% from the June 30th total of 45,279 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,405 shares, the short-interest ratio is presently 0.0 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

NYSEARCA:HCMT traded down $0.50 during mid-day trading on Friday, reaching $38.21. The stock had a trading volume of 15,096 shares, compared to its average volume of 59,487. The stock has a market capitalization of $563.60 million, a P/E ratio of 21.26 and a beta of 1.60. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $32.54 and a one year high of $43.19. The firm has a 50 day moving average price of $40.71 and a two-hundred day moving average price of $38.62.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock valued at $72,801,000 after purchasing an additional 470,325 shares during the period. Discipline Wealth Solutions LLC boosted its position in 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 valued at $37,230,000 after acquiring an additional 794,616 shares in the last quarter. Wealth Watch Advisors INC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 8.5% during the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after purchasing an additional 30,783 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 12.9% during the 4th quarter. LPL Financial LLC now owns 342,893 shares of the company’s stock valued at $13,222,000 after buying an additional 39,131 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake 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 in the last quarter.

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.