Shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $39.56 and traded as low as $38.67. Direxion HCM Tactical Enhanced U.S. ETF shares last traded at $38.98, with a volume of 16,121 shares trading hands.
Direxion HCM Tactical Enhanced U.S. ETF Stock Performance
The company’s 50-day moving average price is $41.80 and its 200 day moving average price is $39.56. The stock has a market capitalization of $565.21 million, a P/E ratio of 21.26 and a beta of 1.61.
Institutional Investors Weigh In On Direxion HCM Tactical Enhanced U.S. ETF
Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at approximately $26,000. NFSG Corp purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth approximately $33,000. World Investment Advisors lifted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 36.5% in the 1st quarter. World Investment Advisors now owns 7,922 shares of the company’s stock worth $279,000 after purchasing an additional 2,120 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter worth approximately $568,000. Finally, Partners Wealth Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF in the 3rd quarter worth approximately $4,884,000.
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.
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