Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Down 35.4% in June

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 6,215 shares, a decrease of 35.4% from the May 31st total of 9,628 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 47,253 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

Large investors have recently bought and sold shares of the stock. NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the first quarter valued at $33,000. Osaic Holdings Inc. boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock worth $56,000 after purchasing an additional 500 shares in the last quarter. World Investment Advisors bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 4th quarter worth about $224,000. Axxcess Wealth Management LLC grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after buying an additional 344 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after buying an additional 4,951 shares during the period.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 2.8%

Shares of HCMT stock opened at $40.78 on Thursday. The firm has a 50 day moving average of $40.05 and a 200-day moving average of $38.47. The company has a market cap of $604.36 million, a price-to-earnings ratio of 21.26 and a beta of 1.60. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $32.10 and a 52 week high of $43.19.

About Direxion HCM Tactical Enhanced U.S. ETF

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.