Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Stock Short Interest Jumps 83.4%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 10,444 shares, an increase of 83.4% from the September 15th total of 5,696 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 21,989 shares, the short-interest ratio is currently 0.5 days.

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

A number of hedge funds have recently bought and sold shares of HCMT. Envestnet Asset Management Inc. raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 197,544 shares of the company’s stock valued at $8,285,000 after buying an additional 2,414 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 2nd quarter valued at $26,000. NewEdge Advisors LLC raised its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 265,483 shares of the company’s stock valued at $11,134,000 after acquiring an additional 31,837 shares in the last quarter. Tucker Asset Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF in the second quarter worth $568,000. Finally, Wealth Watch Advisors INC raised its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the first quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock worth $13,803,000 after purchasing an additional 30,783 shares in the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 3.7%

Shares of HCMT stock traded down $1.54 during trading hours on Friday, hitting $40.53. 157,135 shares of the company were exchanged, compared to its average volume of 52,383. The firm has a market cap of $586.87 million, a PE ratio of 21.26 and a beta of 1.61. Direxion HCM Tactical Enhanced U.S. ETF has a 1 year low of $34.19 and a 1 year high of $44.85. The firm has a fifty day moving average of $41.99 and a 200 day moving average of $40.17.

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.