Envestnet Asset Management Inc. Increases Position in Direxion HCM Tactical Enhanced U.S. ETF $HCMT

Envestnet Asset Management Inc. grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) by 15.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 226,206 shares of the company’s stock after buying an additional 30,502 shares during the quarter. Envestnet Asset Management Inc. owned 1.50% of Direxion HCM Tactical Enhanced U.S. ETF worth $8,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Howard Capital Management Inc. boosted its holdings in Direxion HCM Tactical Enhanced U.S. ETF by 8.9% during the 2nd quarter. Howard Capital Management Inc. now owns 9,214,271 shares of the company’s stock valued at $300,201,000 after acquiring an additional 754,703 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 26.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,234,537 shares of the company’s stock worth $72,801,000 after purchasing an additional 470,325 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Direxion HCM Tactical Enhanced U.S. ETF by 22.7% during the second quarter. Foundations Investment Advisors LLC now owns 221,406 shares of the company’s stock worth $7,213,000 after purchasing an additional 41,033 shares during the last quarter. Optivise Advisory Services LLC boosted its stake in shares of Direxion HCM Tactical Enhanced U.S. ETF by 156.1% during the third quarter. Optivise Advisory Services LLC now owns 55,570 shares of the company’s stock valued at $2,083,000 after purchasing an additional 33,870 shares during the period. Finally, Delta Investment Management LLC grew its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 32.0% in the second quarter. Delta Investment Management LLC now owns 120,994 shares of the company’s stock worth $3,942,000 after purchasing an additional 29,313 shares during the last quarter.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

HCMT stock opened at $37.59 on Friday. 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’s 50-day moving average is $38.80 and its 200 day moving average is $37.66. The company has a market capitalization of $559.34 million, a PE ratio of 21.26 and a beta of 1.83.

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.