Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Sees Large Decrease in Short Interest

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,010 shares, a decrease of 69.5% from the August 31st total of 16,409 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 91,612 shares, the short-interest ratio is currently 0.1 days.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

COM traded down $0.11 during midday trading on Monday, hitting $34.97. 24,549 shares of the company traded hands, compared to its average volume of 132,153. The business has a 50 day simple moving average of $34.75 and a two-hundred day simple moving average of $34.02. Direxion Auspice Broad Commodity Strategy ETF has a 52-week low of $28.47 and a 52-week high of $35.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COM. Pasadena Private Wealth LLC raised its holdings in shares of Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the first quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock valued at $11,995,000 after acquiring an additional 52,895 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 12.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 92,972 shares of the company’s stock worth $3,121,000 after acquiring an additional 10,506 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 1.0% in the second quarter. IFP Advisors Inc now owns 48,825 shares of the company’s stock worth $1,592,000 after acquiring an additional 468 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 14.3% in the first quarter. Rooted Wealth Advisors Inc. now owns 40,888 shares of the company’s stock worth $1,372,000 after acquiring an additional 5,111 shares during the last quarter. Finally, Essential Partners LLC increased its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 1.6% during the first quarter. Essential Partners LLC now owns 40,534 shares of the company’s stock worth $1,361,000 after purchasing an additional 634 shares in the last quarter.

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.