HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Large Increase in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 15,685 shares, a growth of 835.3% from the October 15th total of 1,677 shares. Based on an average daily trading volume, of 21,377 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

HCM Defender 500 Index ETF Stock Performance

Shares of HCM Defender 500 Index ETF stock opened at $64.54 on Friday. The firm has a market cap of $577.63 million, a P/E ratio of 24.20 and a beta of 0.93. The firm’s 50-day simple moving average is $65.86 and its 200-day simple moving average is $63.27. HCM Defender 500 Index ETF has a twelve month low of $56.12 and a twelve month high of $67.97.

About HCM Defender 500 Index ETF

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The HCM Defender 500 Index ETF (LGH) is an exchange-traded fund that is based on the HCM Defender 500 index. The fund tracks a proprietary index that toggles between US large-cap stocks and Treasurys, or a combination of both, depending on risk in the US equity market. LGH was launched on Oct 10, 2019 and is managed by HCM.

Further Reading

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