HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Update

HCM Defender 500 Index ETF (NYSEARCA:LGHGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 8,031 shares, an increase of 77.4% from the December 31st total of 4,528 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 25,993 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 25,993 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc raised its holdings in HCM Defender 500 Index ETF (NYSEARCA:LGHFree Report) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,534 shares of the company’s stock after buying an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 as of its most recent SEC filing.

HCM Defender 500 Index ETF Trading Up 0.5%

NYSEARCA LGH opened at $62.71 on Friday. The company has a market capitalization of $586.34 million, a PE ratio of 26.72 and a beta of 1.04. HCM Defender 500 Index ETF has a 1-year low of $44.26 and a 1-year high of $63.53. The firm’s fifty day simple moving average is $62.38 and its 200-day simple moving average is $60.14.

HCM Defender 500 Index ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Tuesday, December 16th were issued a $0.2373 dividend. This represents a yield of 39.0%. The ex-dividend date was Tuesday, December 16th.

HCM Defender 500 Index ETF Company Profile

(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.

Further Reading

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