Short Interest in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Expands By 171.8%

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 52,980 shares, a growth of 171.8% from the June 15th total of 19,492 shares. Based on an average trading volume of 98,758 shares, the short-interest ratio is currently 0.5 days. Currently, 1.0% of the shares of the company are sold short.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Up 0.6%

Shares of NYSEARCA:COMB traded up $0.15 during trading on Wednesday, hitting $25.68. 61,058 shares of the company traded hands, compared to its average volume of 71,926. The business’s fifty day moving average is $25.78 and its 200-day moving average is $24.75. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a one year low of $20.23 and a one year high of $28.05.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank bought a new stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the first quarter valued at $28,000. Fifth Third Bancorp acquired a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter valued at $31,000. Osaic Holdings Inc. grew its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 184.0% during the second quarter. Osaic Holdings Inc. now owns 3,215 shares of the company’s stock worth $67,000 after acquiring an additional 2,083 shares during the last quarter. IFP Advisors Inc grew its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 13.3% during the fourth quarter. IFP Advisors Inc now owns 4,436 shares of the company’s stock worth $94,000 after acquiring an additional 521 shares during the last quarter. Finally, DMC Group LLC bought a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter worth about $229,000.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Company Profile

The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is an exchange-traded fund that is based on the Bloomberg Commodity index. The fund seeks to outperform a broad commodity market index through active management of the funds collateral. The index include futures contracts on up to 24 different commodities. COMB was launched on May 22, 2017 and is managed by GraniteShares.