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

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

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

Hedge funds have recently bought and sold shares of the company. Pasadena Private Wealth LLC boosted its stake in Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the 1st quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock valued at $11,995,000 after purchasing an additional 52,895 shares during the period. NewEdge Advisors LLC bought a new position in Direxion Auspice Broad Commodity Strategy ETF in the 1st quarter worth about $715,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the fourth quarter valued at approximately $546,000. Virtu Financial LLC increased its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 233.3% in the fourth quarter. Virtu Financial LLC now owns 23,927 shares of the company’s stock valued at $708,000 after purchasing an additional 16,748 shares during the period. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the fourth quarter valued at approximately $333,000.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

Shares of COM traded up $0.19 during midday trading on Friday, hitting $34.20. 16,790 shares of the stock traded hands, compared to its average volume of 138,023. The business’s 50 day moving average price is $33.42 and its two-hundred day moving average price is $33.21. Direxion Auspice Broad Commodity Strategy ETF has a 1-year low of $27.46 and a 1-year high of $35.62.

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.