Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 9,920 shares, a decline of 70.1% from the April 15th total of 33,159 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 130,802 shares, the short-interest ratio is currently 0.1 days.
Direxion Auspice Broad Commodity Strategy ETF Trading Down 1.7%
Shares of Direxion Auspice Broad Commodity Strategy ETF stock traded down $0.59 during trading on Friday, reaching $34.37. The company’s stock had a trading volume of 235,770 shares, compared to its average volume of 147,908. The business’s fifty day moving average price is $33.72 and its 200-day moving average price is $31.47. Direxion Auspice Broad Commodity Strategy ETF has a one year low of $27.46 and a one year high of $35.62.
Hedge Funds Weigh In On Direxion Auspice Broad Commodity Strategy ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Direxion Auspice Broad Commodity Strategy ETF by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 72,141 shares of the company’s stock valued at $2,073,000 after acquiring an additional 477 shares during the period. Cetera Investment Advisers increased its stake in Direxion Auspice Broad Commodity Strategy ETF by 3.0% during the second quarter. Cetera Investment Advisers now owns 22,239 shares of the company’s stock valued at $615,000 after acquiring an additional 642 shares during the period. IFP Advisors Inc increased its stake in Direxion Auspice Broad Commodity Strategy ETF by 1.6% during the fourth quarter. IFP Advisors Inc now owns 46,992 shares of the company’s stock valued at $1,390,000 after acquiring an additional 743 shares during the period. CoreCap Advisors LLC bought a new position in Direxion Auspice Broad Commodity Strategy ETF during the fourth quarter valued at about $26,000. Finally, Riverbend Wealth Management LLC increased its stake in Direxion Auspice Broad Commodity Strategy ETF by 4.0% during the first quarter. Riverbend Wealth Management LLC now owns 24,373 shares of the company’s stock valued at $818,000 after acquiring an additional 947 shares during the period.
About Direxion Auspice Broad Commodity Strategy ETF
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.
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