HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Up 347.9% in July

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 21,500 shares, anincreaseof347.9% from the June 30th total of 4,800 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 0.7 days.

HCM Defender 500 Index ETF Stock Performance

NYSEARCA:LGH opened at $56.03 on Tuesday. HCM Defender 500 Index ETF has a one year low of $44.13 and a one year high of $57.06. The business’s 50-day simple moving average is $53.78 and its 200 day simple moving average is $51.16. The stock has a market cap of $507.07 million, a price-to-earnings ratio of 26.72 and a beta of 0.90.

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.