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

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,245 shares, an increase of 80.1% from the July 15th total of 7,354 shares. Based on an average trading volume of 21,168 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

HCM Defender 500 Index ETF Stock Performance

HCM Defender 500 Index ETF stock traded down $0.22 during midday trading on Friday, hitting $67.17. 13,350 shares of the company’s stock were exchanged, compared to its average volume of 27,842. HCM Defender 500 Index ETF has a 12 month low of $56.12 and a 12 month high of $67.59. The firm has a 50-day moving average of $64.08 and a two-hundred day moving average of $62.07. The company has a market cap of $604.53 million, a PE ratio of 26.72 and a beta of 0.96.

About HCM Defender 500 Index ETF

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.