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 decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,354 shares, a decline of 58.7% from the June 30th total of 17,792 shares. Based on an average daily trading volume, of 32,751 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

HCM Defender 500 Index ETF Stock Performance

HCM Defender 500 Index ETF stock opened at $62.78 on Monday. The stock has a market capitalization of $565.02 million, a price-to-earnings ratio of 26.72 and a beta of 0.97. HCM Defender 500 Index ETF has a 52-week low of $54.63 and a 52-week high of $65.63. The stock’s 50 day moving average price is $63.72 and its two-hundred day moving average price is $61.77.

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.