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

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 8,031 shares, an increase of 77.4% from the December 31st total of 4,528 shares. Based on an average trading volume of 25,993 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 25,993 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc raised its holdings in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Stock Up 0.5%

Shares of NYSEARCA LGH traded up $0.31 during midday trading on Friday, hitting $62.71. The company had a trading volume of 23,859 shares, compared to its average volume of 26,488. The business has a 50-day simple moving average of $62.38 and a two-hundred day simple moving average of $60.17. The firm has a market capitalization of $586.34 million, a price-to-earnings ratio of 26.72 and a beta of 1.04. HCM Defender 500 Index ETF has a twelve month low of $44.26 and a twelve month high of $63.53.

HCM Defender 500 Index ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were given a $0.2373 dividend. This represents a dividend yield of 39.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

About HCM Defender 500 Index ETF

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.