Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Large Decrease in Short Interest
by Teresa Graham · The Cerbat GemDirexion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 573 shares, a decrease of 98.7% from the June 30th total of 45,279 shares. Based on an average daily trading volume, of 57,405 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Direxion HCM Tactical Enhanced U.S. ETF Trading Down 1.3%
Shares of HCMT stock traded down $0.50 on Friday, reaching $38.21. 15,096 shares of the company’s stock were exchanged, compared to its average volume of 59,487. The company’s fifty day simple moving average is $40.71 and its 200 day simple moving average is $38.62. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $32.54 and a 52 week high of $43.19. The stock has a market capitalization of $563.60 million, a PE ratio of 21.26 and a beta of 1.60.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in HCMT. NFSG Corp bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter valued at $33,000. Osaic Holdings Inc. increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during the second quarter. Osaic Holdings Inc. now owns 1,723 shares of the company’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. World Investment Advisors purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the fourth quarter worth $224,000. Axxcess Wealth Management LLC raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after acquiring an additional 344 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock valued at $195,000 after purchasing an additional 4,951 shares during the last quarter.
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.