Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Increases By 100.1%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,765 shares, an increase of 100.1% from the August 15th total of 2,881 shares. Based on an average trading volume of 48,821 shares, the short-interest 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 Down 1.6%

NYSEARCA:HCMT traded down $0.64 during trading hours on Monday, reaching $40.50. 14,215 shares of the company traded hands, compared to its average volume of 55,069. The business’s 50-day moving average price is $40.61 and its two-hundred day moving average price is $39.13. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $43.19. The stock has a market capitalization of $592.11 million, a P/E ratio of 21.26 and a beta of 1.63.

Institutional Trading of Direxion HCM Tactical Enhanced U.S. ETF

Hedge funds have recently bought and sold shares of the company. Axxcess Wealth Management LLC raised its stake in Direxion HCM Tactical Enhanced U.S. ETF by 6.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,877 shares of the company’s stock valued at $227,000 after buying an additional 344 shares in the last quarter. Global Assets Advisory LLC boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 3.2% during the 4th quarter. Global Assets Advisory LLC now owns 16,107 shares of the company’s stock worth $621,000 after acquiring an additional 495 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at about $26,000. Aegis Wealth Management Inc. increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 1.0% in the 1st quarter. Aegis Wealth Management Inc. now owns 65,734 shares of the company’s stock valued at $2,313,000 after acquiring an additional 659 shares during the last quarter. Finally, NFSG Corp acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 1st quarter worth about $33,000.

About Direxion HCM Tactical Enhanced U.S. ETF

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.