Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Short Interest Up 628.5% in June

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 45,279 shares, an increase of 628.5% from the June 15th total of 6,215 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 42,319 shares, the days-to-cover ratio is currently 1.1 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of HCMT. AQR Capital Management LLC acquired a new position in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at $253,000. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $195,000 after acquiring an additional 4,951 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after purchasing an additional 470,325 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the second quarter valued at approximately $240,000. Finally, Osaic Holdings Inc. raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in the 2nd 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 last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Performance

HCMT stock traded up $0.22 during trading on Friday, reaching $41.44. The company had a trading volume of 54,771 shares, compared to its average volume of 60,814. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $32.54 and a twelve month high of $43.19. The firm has a 50-day simple moving average of $40.63 and a 200-day simple moving average of $38.58. The company has a market cap of $617.46 million, a price-to-earnings ratio of 21.26 and a beta of 1.60.

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.