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

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,446 shares, a drop of 84.5% from the September 30th total of 28,592 shares. Based on an average daily trading volume, of 39,119 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of COM. Partners Wealth Management LLC purchased a new stake in Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter valued at $294,000. Ballast Rock Private Wealth LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the third quarter valued at about $204,000. Viewpoint Investment Partners Corp purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the third quarter valued at about $210,000. IRON Financial LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the third quarter valued at about $246,000. Finally, NTV Asset Management LLC bought a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the third quarter valued at about $228,000.

Direxion Auspice Broad Commodity Strategy ETF Trading Up 0.0%

Shares of NYSEARCA COM traded up $0.01 during midday trading on Wednesday, reaching $34.27. The company had a trading volume of 39,856 shares, compared to its average volume of 122,127. Direxion Auspice Broad Commodity Strategy ETF has a one year low of $28.98 and a one year high of $35.93. The firm’s fifty day moving average price is $35.13 and its 200-day moving average price is $33.56.

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.