Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Down 59.1% in July

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 24,250 shares, a decline of 59.1% from the July 15th total of 59,328 shares. Based on an average daily trading volume, of 39,137 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

Shares of NYSEARCA:COM traded up $0.19 during trading on Friday, reaching $34.20. 16,790 shares of the company’s stock traded hands, compared to its average volume of 138,023. Direxion Auspice Broad Commodity Strategy ETF has a 12 month low of $27.46 and a 12 month high of $35.62. The company has a 50 day moving average of $33.42 and a 200-day moving average of $33.21.

Hedge Funds Weigh In On Direxion Auspice Broad Commodity Strategy ETF

Several institutional investors have recently made changes to their positions in the stock. Pasadena Private Wealth LLC lifted its holdings in shares of Direxion Auspice Broad Commodity Strategy ETF by 17.4% in the 1st quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock worth $11,995,000 after purchasing an additional 52,895 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Direxion Auspice Broad Commodity Strategy ETF during the 1st quarter valued at approximately $715,000. Wilkerson Advisory Group LLC acquired a new position in Direxion Auspice Broad Commodity Strategy ETF during the 4th quarter valued at approximately $546,000. Virtu Financial LLC grew its stake in Direxion Auspice Broad Commodity Strategy ETF by 233.3% during the 4th quarter. Virtu Financial LLC now owns 23,927 shares of the company’s stock worth $708,000 after buying an additional 16,748 shares during the last quarter. Finally, Nvest Wealth Strategies Inc. bought a new position in Direxion Auspice Broad Commodity Strategy ETF during the 4th quarter worth $333,000.

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.