Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Sees Significant Drop in Short Interest

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 7,324 shares, a decline of 42.7% from the January 29th total of 12,792 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 50,842 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 50,842 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. raised its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 24.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,110 shares of the company’s stock valued at $58,000 after acquiring an additional 410 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the fourth quarter worth $99,000. Farther Finance Advisors LLC increased its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 2,996.1% in the third quarter. Farther Finance Advisors LLC now owns 5,604 shares of the company’s stock worth $161,000 after buying an additional 5,423 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the 3rd quarter valued at approximately $237,000.

Direxion Auspice Broad Commodity Strategy ETF Stock Up 0.8%

Shares of COM stock traded up $0.25 during trading hours on Friday, hitting $31.96. The company’s stock had a trading volume of 82,408 shares, compared to its average volume of 55,772. The company has a 50 day moving average of $30.77 and a 200 day moving average of $29.54. Direxion Auspice Broad Commodity Strategy ETF has a 12-month low of $27.46 and a 12-month high of $32.32.

Direxion Auspice Broad Commodity Strategy ETF Company Profile

The Direxion Auspice Broad Commodity Strategy ETF (COM) is an exchange-traded fund that is based on the Auspice Broad Commodity index. The fund tracks a broad-market index consisting of 12 commodity futures contracts, weighted by historical volatility, which can toggle to cash based on momentum. The fund will also hold short-term fixed income securities as collateral. COM was launched on Mar 30, 2017 and is managed by Direxion.