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

HCM Defender 500 Index ETF (NYSEARCA:LGHGet Free Report) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,858 shares, an increase of 240.3% from the February 12th total of 546 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,974 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 20,974 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On HCM Defender 500 Index ETF

A hedge fund recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc lifted its position in shares of HCM Defender 500 Index ETF (NYSEARCA:LGHFree Report) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the period. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

HCM Defender 500 Index ETF Stock Down 2.0%

Shares of NYSEARCA LGH traded down $1.23 on Thursday, reaching $59.21. 36,925 shares of the company’s stock traded hands, compared to its average volume of 31,848. The business’s 50 day simple moving average is $61.98 and its two-hundred day simple moving average is $61.17. HCM Defender 500 Index ETF has a 12 month low of $44.26 and a 12 month high of $63.53. The company has a market cap of $550.65 million, a price-to-earnings ratio of 26.72 and a beta of 1.04.

HCM Defender 500 Index ETF Dividend Announcement

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

HCM Defender 500 Index ETF Company Profile

(Get Free Report)

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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