Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Increases By 37.2%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 6,556 shares, an increase of 37.2% from the December 15th total of 4,780 shares. Based on an average trading volume of 51,913 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 51,913 shares, the short-interest ratio is currently 0.1 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 0.1%

Shares of NYSEARCA:HCMT traded down $0.04 on Friday, hitting $39.36. 68,738 shares of the company traded hands, compared to its average volume of 88,149. The stock has a 50 day simple moving average of $38.74 and a 200-day simple moving average of $36.79. The company has a market cap of $589.61 million, a PE ratio of 21.26 and a beta of 1.83. Direxion HCM Tactical Enhanced U.S. ETF has a 52 week low of $24.58 and a 52 week high of $40.92.

Hedge Funds Weigh In On Direxion HCM Tactical Enhanced U.S. ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% during 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. Northwestern Mutual Wealth Management Co. raised its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,000 shares of the company’s stock worth $195,000 after purchasing an additional 4,951 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the third quarter valued at $207,000. Geneos Wealth Management Inc. bought a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the second quarter valued at $240,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at $253,000.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

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.