Short Interest in HCM Defender 500 Index ETF (NYSEARCA:LGH) Grows By 800.9%

HCM Defender 500 Index ETF (NYSEARCA:LGH) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,685 shares, an increase of 800.9% from the April 30th total of 742 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 19,281 shares, the days-to-cover ratio is presently 0.3 days.

HCM Defender 500 Index ETF Stock Performance

LGH opened at $64.47 on Thursday. The business’s fifty day moving average is $60.05 and its two-hundred day moving average is $61.20. The company has a market cap of $589.90 million, a price-to-earnings ratio of 26.72 and a beta of 0.96. HCM Defender 500 Index ETF has a one year low of $50.11 and a one year high of $64.59.

Institutional Trading of HCM Defender 500 Index ETF

An institutional investor recently raised its position in HCM Defender 500 Index ETF stock. IFP Advisors Inc boosted its position in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,534 shares of the company’s stock after purchasing an additional 322 shares during the quarter. IFP Advisors Inc owned approximately 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent reporting period.

HCM Defender 500 Index ETF Company Profile

The HCM Defender 500 Index ETF (LGH) is an exchange-traded fund that is based on the HCM Defender 500 index. The fund tracks a proprietary index that toggles between US large-cap stocks and Treasurys, or a combination of both, depending on risk in the US equity market. LGH was launched on Oct 10, 2019 and is managed by HCM.