Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Sees Significant Growth in Short Interest

Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 13,195 shares, a growth of 1,319,400.0% from the January 29th total of 1 shares. Based on an average trading volume of 81,214 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 81,214 shares, the short-interest ratio is presently 0.2 days.

Direxion HCM Tactical Enhanced U.S. ETF Stock Down 1.9%

HCMT stock opened at $38.04 on Friday. The stock’s 50 day moving average is $38.81 and its 200-day moving average is $37.80. Direxion HCM Tactical Enhanced U.S. ETF has a twelve month low of $24.58 and a twelve month high of $40.92. The firm has a market capitalization of $566.04 million, a PE ratio of 21.26 and a beta of 1.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in Direxion HCM Tactical Enhanced U.S. ETF during the first quarter valued at about $253,000. Envestnet Asset Management Inc. lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 195,704 shares of the company’s stock worth $6,376,000 after acquiring an additional 24,823 shares in the last quarter. Howard Capital Management Inc. boosted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 8.9% in the 2nd quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock worth $300,201,000 after purchasing an additional 754,703 shares during the period. Atria Investments Inc boosted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 17.7% in the second quarter. Atria Investments Inc now owns 27,888 shares of the company’s stock valued at $909,000 after acquiring an additional 4,185 shares during the period. Finally, Optivise Advisory Services LLC purchased a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF during the 2nd quarter valued at $707,000.

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.