Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Down 42.7% in February

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

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

COM traded up $0.20 during trading hours on Monday, hitting $32.16. 140,539 shares of the company’s stock were exchanged, compared to its average volume of 57,891. Direxion Auspice Broad Commodity Strategy ETF has a 1-year low of $27.46 and a 1-year high of $32.34. The stock’s 50-day moving average is $30.77 and its two-hundred day moving average is $29.56.

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stratos Investment Management LLC grew its stake in Direxion Auspice Broad Commodity Strategy ETF by 92.6% in the third quarter. Stratos Investment Management LLC now owns 431,456 shares of the company’s stock valued at $12,397,000 after purchasing an additional 207,425 shares in the last quarter. Pasadena Private Wealth LLC boosted its holdings in shares of Direxion Auspice Broad Commodity Strategy ETF by 27.6% in the 3rd quarter. Pasadena Private Wealth LLC now owns 256,830 shares of the company’s stock valued at $7,379,000 after buying an additional 55,598 shares during the last quarter. VestGen Advisors LLC bought a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the second quarter valued at $884,000. NewEdge Advisors LLC bought a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the first quarter valued at $715,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Direxion Auspice Broad Commodity Strategy ETF during the fourth quarter worth $546,000.

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.