Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Stock Short Interest Climbs 380.8%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 21,950 shares, an increase of 380.8% from the October 15th total of 4,565 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 40,946 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

A number of large investors have recently added to or reduced their stakes in HCMT. Wealth Watch Advisors INC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in 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. NewEdge Advisors LLC raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% during the second quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock valued at $11,134,000 after purchasing an additional 31,837 shares in the last quarter. Envestnet Asset Management Inc. raised its stake 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. Partners Wealth Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at $4,884,000. Finally, Tucker Asset Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the second quarter valued at $568,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of HCMT stock traded up $0.64 during trading hours on Wednesday, hitting $38.82. The stock had a trading volume of 39,454 shares, compared to its average volume of 50,852. Direxion HCM Tactical Enhanced U.S. ETF has a one year low of $34.19 and a one year high of $44.85. The stock’s 50-day moving average price is $41.39 and its two-hundred day moving average price is $39.53. The stock has a market capitalization of $562.90 million, a price-to-earnings ratio of 21.26 and a beta of 1.66.

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.