Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Update

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,796 shares, a drop of 76.3% from the February 26th total of 7,578 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 86,662 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 86,662 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Institutional investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after purchasing an additional 470,325 shares in the last quarter. Howard Capital Management Inc. increased its position in Direxion HCM Tactical Enhanced U.S. ETF by 3.7% in the 3rd quarter. Howard Capital Management Inc. now owns 9,559,154 shares of the company’s stock valued at $358,373,000 after buying an additional 344,883 shares in the last quarter. Parsonex Advisory Services Inc. bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 4th quarter valued at about $5,992,000. NewEdge Advisors LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth approximately $4,281,000. Finally, Aegis Wealth Management Inc. acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth approximately $2,509,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock traded up $0.01 during trading on Wednesday, reaching $35.18. 41,393 shares of the company traded hands, compared to its average volume of 74,344. Direxion HCM Tactical Enhanced U.S. ETF has a 1-year low of $24.58 and a 1-year high of $40.92. The company has a 50 day moving average price of $37.83 and a 200-day moving average price of $38.09. The firm has a market capitalization of $523.48 million, a PE ratio of 21.26 and a beta of 1.83.

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.