Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Large Growth in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,886 shares, an increase of 403.7% from the July 15th total of 573 shares. Based on an average trading volume of 43,154 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 0.2%

HCMT stock traded up $0.09 during trading on Friday, hitting $42.90. 4,042 shares of the company’s stock were exchanged, compared to its average volume of 57,142. The business has a 50-day moving average price of $40.41 and a two-hundred day moving average price of $38.72. The stock has a market capitalization of $627.20 million, a price-to-earnings ratio of 21.26 and a beta of 1.62. Direxion HCM Tactical Enhanced U.S. ETF has a 52-week low of $32.81 and a 52-week high of $43.19.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. NFSG Corp acquired a new stake in Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter worth $33,000. Osaic Holdings Inc. boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 40.9% in 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. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 472.0% during 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. World Investment Advisors acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the fourth quarter worth about $224,000. Finally, Axxcess Wealth Management LLC increased its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 6.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock worth $227,000 after purchasing an additional 344 shares in the last quarter.

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.