Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Increases By 28.2%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 36,325 shares, a growth of 28.2% from the March 31st total of 28,332 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,888 shares, the short-interest ratio is presently 0.6 days.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

NYSEARCA HCMT traded up $0.20 on Wednesday, reaching $36.56. The company had a trading volume of 17,007 shares, compared to its average volume of 70,021. The firm has a market cap of $544.74 million, a price-to-earnings ratio of 21.26 and a beta of 1.79. Direxion HCM Tactical Enhanced U.S. ETF has a fifty-two week low of $26.07 and a fifty-two week high of $40.92. The business has a 50 day moving average of $36.26 and a two-hundred day moving average of $37.85.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after purchasing an additional 500 shares during the period. Axxcess Wealth Management LLC acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the third quarter valued at $207,000. World Investment Advisors acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter valued at $224,000. Northwestern Mutual Wealth Management Co. increased its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after purchasing an additional 4,951 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth about $240,000.

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.