Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Update

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 59,328 shares, a growth of 71.2% from the June 30th total of 34,645 shares. Based on an average daily volume of 74,054 shares, the short-interest ratio is currently 0.8 days. Approximately 1.0% of the company’s shares are short sold.

Direxion Auspice Broad Commodity Strategy ETF Trading Down 0.1%

NYSEARCA COM opened at $33.83 on Friday. Direxion Auspice Broad Commodity Strategy ETF has a 12 month low of $27.46 and a 12 month high of $35.62. The stock has a 50-day simple moving average of $33.44 and a 200 day simple moving average of $32.99.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Pasadena Private Wealth LLC grew 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 valued at $11,995,000 after acquiring an additional 52,895 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the 1st quarter valued at about $715,000. Wilkerson Advisory Group LLC bought a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the 4th quarter valued at about $546,000. Virtu Financial LLC lifted its stake in Direxion Auspice Broad Commodity Strategy ETF by 233.3% in the 4th 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 last quarter. Finally, Nvest Wealth Strategies Inc. acquired a new stake in Direxion Auspice Broad Commodity Strategy ETF in the 4th quarter valued at about $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.