HCM Defender 500 Index ETF (NYSEARCA:LGH) Short Interest Down 58.7% in July

HCM Defender 500 Index ETF (NYSEARCA:LGH) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,354 shares, a decrease of 58.7% from the June 30th total of 17,792 shares. Based on an average daily volume of 32,751 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

HCM Defender 500 Index ETF Price Performance

LGH stock opened at $62.78 on Monday. The company’s 50-day moving average is $63.72 and its 200-day moving average is $61.77. The stock has a market capitalization of $565.02 million, a PE ratio of 26.72 and a beta of 0.97. HCM Defender 500 Index ETF has a 1 year low of $54.63 and a 1 year high of $65.63.

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.