Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Declines By 82.6%

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,164 shares, a drop of 82.6% from the May 14th total of 6,685 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,317 shares, the short-interest ratio is currently 0.0 days.

HCM Defender 500 Index ETF Stock Performance

Shares of NYSEARCA:LGH traded down $1.37 during midday trading on Wednesday, reaching $61.32. 33,844 shares of the company’s stock were exchanged, compared to its average volume of 29,001. HCM Defender 500 Index ETF has a 12 month low of $51.38 and a 12 month high of $65.63. The firm has a market capitalization of $561.08 million, a PE ratio of 26.72 and a beta of 0.96. The company’s 50 day simple moving average is $61.25 and its two-hundred day simple moving average is $61.41.

Institutional Investors 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 grew its stake in HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,534 shares of the company’s stock after acquiring an additional 322 shares during the quarter. IFP Advisors Inc owned 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 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.