Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Decreases By 77.7%

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 415 shares, a decline of 77.7% from the February 26th total of 1,858 shares. Based on an average trading volume of 38,515 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc boosted its holdings in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Price Performance

Shares of LGH traded down $0.73 during trading hours on Friday, reaching $56.40. 45,088 shares of the company’s stock traded hands, compared to its average volume of 32,837. HCM Defender 500 Index ETF has a twelve month low of $44.26 and a twelve month high of $63.53. The business’s fifty day simple moving average is $60.91 and its two-hundred day simple moving average is $61.19. The firm has a market capitalization of $524.52 million, a price-to-earnings ratio of 26.72 and a beta of 1.04.

HCM Defender 500 Index ETF Company Profile

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.