HCM Defender 500 Index ETF (NYSEARCA:LGH) Sees Large Growth in Short Interest

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,792 shares, a growth of 174.8% from the June 15th total of 6,475 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 23,888 shares, the days-to-cover ratio is currently 0.7 days.

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 raised its position in shares of HCM Defender 500 Index ETF (NYSEARCA:LGH) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,534 shares of the company’s stock after buying an additional 322 shares during the quarter. IFP Advisors Inc owned 0.28% of HCM Defender 500 Index ETF worth $1,542,000 at the end of the most recent quarter.

HCM Defender 500 Index ETF Stock Down 1.0%

Shares of HCM Defender 500 Index ETF stock opened at $64.16 on Tuesday. HCM Defender 500 Index ETF has a 12-month low of $54.63 and a 12-month high of $65.63. The firm has a market capitalization of $583.86 million, a PE ratio of 26.72 and a beta of 0.97. The stock’s fifty day moving average is $63.55 and its 200-day moving average is $61.69.

About HCM Defender 500 Index ETF

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.