Tucker Asset Management LLC Invests $568,000 in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Tucker Asset Management LLC bought a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,554 shares of the company’s stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HCMT. Axxcess Wealth Management LLC increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after buying an additional 344 shares during the period. Global Assets Advisory LLC lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 3.2% in the fourth quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after buying an additional 495 shares during the period. Osaic Holdings Inc. boosted its position in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Aegis Wealth Management Inc. boosted its position in 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 valued at $2,313,000 after acquiring an additional 659 shares in the last quarter. Finally, NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at approximately $33,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT stock opened at $41.54 on Monday. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $34.19 and a fifty-two week high of $43.19. The business’s 50 day moving average price is $40.56 and its two-hundred day moving average price is $39.01. The company has a market capitalization of $607.31 million, a price-to-earnings ratio of 21.26 and a beta of 1.63.

Direxion HCM Tactical Enhanced U.S. ETF 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.