Short Interest in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) Expands By 1,319,400.0%

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCMT. AQR Capital Management LLC purchased a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF during the first quarter worth $253,000. Envestnet Asset Management Inc. lifted its stake in Direxion HCM Tactical Enhanced U.S. ETF by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 195,704 shares of the company’s stock worth $6,376,000 after purchasing an additional 24,823 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in shares of 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 worth $300,201,000 after purchasing an additional 754,703 shares during the last quarter. Atria Investments Inc grew 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 purchasing an additional 4,185 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new stake in shares of Direxion HCM Tactical Enhanced U.S. ETF in the second quarter valued at approximately $707,000.

Direxion HCM Tactical Enhanced U.S. ETF Price Performance

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $38.79 on Thursday. The business has a 50 day simple moving average of $38.80 and a two-hundred day simple moving average of $37.80. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $24.58 and a 12 month high of $40.92. The stock has a market capitalization of $577.20 million, a P/E ratio of 21.26 and a beta of 1.83.

Direxion HCM Tactical Enhanced U.S. ETF Company Profile

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.