Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Stock Short Interest Report for October

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,565 shares, a decline of 56.3% from the September 30th total of 10,444 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,795 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Watch Advisors INC grew its position in Direxion HCM Tactical Enhanced U.S. ETF by 8.5% in the 1st quarter. Wealth Watch Advisors INC now owns 392,248 shares of the company’s stock valued at $13,803,000 after buying an additional 30,783 shares during the last quarter. NewEdge Advisors LLC increased its stake 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 buying an additional 31,837 shares during the period. Envestnet Asset Management Inc. increased its stake in Direxion HCM Tactical Enhanced U.S. ETF by 1.2% in the 2nd 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. Partners Wealth Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 3rd quarter worth $4,884,000. Finally, Tucker Asset Management LLC purchased a new position in Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter worth $568,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 5.4%

HCMT traded down $2.22 on Friday, hitting $38.98. 16,121 shares of the company traded hands, compared to its average volume of 51,277. The company has a 50 day moving average of $41.80 and a 200-day moving average of $39.56. The stock has a market capitalization of $565.21 million, a PE ratio of 21.26 and a beta of 1.61. Direxion HCM Tactical Enhanced U.S. ETF has a 12-month low of $34.19 and a 12-month high of $44.85.

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.