Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Sees Significant Decrease in Short Interest

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 16,409 shares, a decline of 50.3% from the August 15th total of 33,000 shares. Based on an average daily trading volume, of 136,006 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COM. Pasadena Private Wealth LLC raised its stake in Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the first quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock worth $11,995,000 after buying an additional 52,895 shares during the last quarter. HighTower Advisors LLC grew its holdings in Direxion Auspice Broad Commodity Strategy ETF by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 396,308 shares of the company’s stock worth $11,723,000 after acquiring an additional 9,276 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 12.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 92,972 shares of the company’s stock valued at $3,121,000 after purchasing an additional 10,506 shares in the last quarter. IFP Advisors Inc boosted its position in shares of 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 valued at $1,592,000 after purchasing an additional 468 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. grew its stake in Direxion Auspice Broad Commodity Strategy ETF by 14.3% during the first quarter. Rooted Wealth Advisors Inc. now owns 40,888 shares of the company’s stock worth $1,372,000 after purchasing an additional 5,111 shares during the period.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

Shares of COM traded up $0.20 during mid-day trading on Tuesday, reaching $35.65. 12,256 shares of the company were exchanged, compared to its average volume of 134,929. Direxion Auspice Broad Commodity Strategy ETF has a 52 week low of $28.35 and a 52 week high of $35.93. The business has a 50 day simple moving average of $34.40 and a two-hundred day simple moving average of $33.81.

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.