HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 174.8% in June

by · The Cerbat Gem

HCM Defender 500 Index ETF (NYSEARCA:LGH – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,792 shares, an increase of 174.8% from the June 15th total of 6,475 shares. Based on an average trading volume of 23,888 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

HCM Defender 500 Index ETF Trading Down 0.4%

HCM Defender 500 Index ETF stock traded down $0.26 during trading on Wednesday, reaching $64.86. The company had a trading volume of 30,492 shares, compared to its average volume of 29,002. HCM Defender 500 Index ETF has a 52 week low of $54.63 and a 52 week high of $65.63. The firm’s 50-day simple moving average is $63.63 and its 200 day simple moving average is $61.71. The firm has a market capitalization of $590.23 million, a price-to-earnings ratio of 26.72 and a beta of 0.97.

Institutional Investors Weigh In On HCM Defender 500 Index ETF

An institutional investor recently raised its stake in HCM Defender 500 Index ETF stock. IFP Advisors Inc increased its position in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH – Free Report) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the period. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent reporting period.

About HCM Defender 500 Index ETF

(Get Free Report)

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.

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