Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Expands By 236.4%

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 4,780 shares, a growth of 236.4% from the November 30th total of 1,421 shares. Based on an average daily volume of 62,038 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 62,038 shares, the days-to-cover ratio is currently 0.1 days.

Direxion HCM Tactical Enhanced U.S. ETF Trading Up 0.5%

NYSEARCA HCMT opened at $39.64 on Friday. The business has a fifty day simple moving average of $38.68 and a 200 day simple moving average of $35.85. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $24.58 and a 12 month high of $40.92. The firm has a market capitalization of $596.58 million, a P/E ratio of 21.26 and a beta of 1.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HCMT. Northwestern Mutual Wealth Management Co. bought a new stake in Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter worth about $32,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 55.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 75,249 shares of the company’s stock worth $2,492,000 after buying an additional 26,705 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% in the 2nd quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock worth $909,000 after buying an additional 4,185 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 22.7% in the second quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock valued at $7,213,000 after acquiring an additional 41,033 shares in the last quarter. Finally, Discipline Wealth Solutions LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 52.1% in the second quarter. Discipline Wealth Solutions LLC now owns 270,783 shares of the company’s stock valued at $8,822,000 after acquiring an additional 92,740 shares in the last quarter.

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.