Direxion Auspice Broad Commodity Strategy ETF $COM Stock: Encompass More Asset Management Boosts Stake

Encompass More Asset Management grew its position in shares of Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) by 178.6% during the third quarter, HoldingsChannel.com reports. The firm owned 180,941 shares of the company’s stock after purchasing an additional 116,003 shares during the period. Direxion Auspice Broad Commodity Strategy ETF makes up approximately 0.9% of Encompass More Asset Management’s portfolio, making the stock its 27th biggest holding. Encompass More Asset Management’s holdings in Direxion Auspice Broad Commodity Strategy ETF were worth $6,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ifrah Financial Services Inc. bought a new position in Direxion Auspice Broad Commodity Strategy ETF in the 3rd quarter valued at approximately $4,082,000. B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter worth approximately $1,073,000. Thor Investment Management Inc. OH ADV acquired a new stake in Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter worth approximately $1,405,000. IFP Advisors Inc boosted its position in Direxion Auspice Broad Commodity Strategy ETF by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 48,825 shares of the company’s stock worth $1,592,000 after buying an additional 468 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Direxion Auspice Broad Commodity Strategy ETF by 12.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 32,768 shares of the company’s stock worth $1,070,000 after acquiring an additional 3,619 shares during the last quarter.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

COM opened at $34.93 on Friday. Direxion Auspice Broad Commodity Strategy ETF has a fifty-two week low of $28.74 and a fifty-two week high of $35.93. The company’s 50 day moving average price is $35.08 and its two-hundred day moving average price is $34.17.

Direxion Auspice Broad Commodity Strategy ETF 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.