Forum Financial Management LP Makes New Investment in Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT)

Forum Financial Management LP acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF (NYSEARCA:HCMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,793 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HCMT. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 4.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,958 shares of the company’s stock valued at $1,020,000 after acquiring an additional 1,551 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 5.2% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 38,574 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,916 shares during the period. CPR Investments Inc. increased its holdings in shares of Direxion HCM Tactical Enhanced U.S. ETF by 2.5% in the 2nd quarter. CPR Investments Inc. now owns 369,297 shares of the company’s stock valued at $12,575,000 after acquiring an additional 9,120 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at $384,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Direxion HCM Tactical Enhanced U.S. ETF in the 1st quarter valued at $407,000.

Direxion HCM Tactical Enhanced U.S. ETF Stock Up 2.0 %

Shares of Direxion HCM Tactical Enhanced U.S. ETF stock opened at $34.00 on Friday. The firm’s fifty day simple moving average is $33.48 and its 200-day simple moving average is $31.54. Direxion HCM Tactical Enhanced U.S. ETF has a 12 month low of $22.82 and a 12 month high of $36.73.

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.