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

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 161,104 shares, an increase of 1,524.0% from the April 30th total of 9,920 shares. Based on an average trading volume of 202,848 shares, the short-interest ratio is currently 0.8 days. Approximately 2.1% of the company’s stock are sold short.

Direxion Auspice Broad Commodity Strategy ETF Trading Down 0.9%

Shares of Direxion Auspice Broad Commodity Strategy ETF stock traded down $0.30 on Wednesday, hitting $33.95. 139,469 shares of the company traded hands, compared to its average volume of 153,875. The company has a 50-day moving average price of $33.91 and a 200 day moving average price of $31.79. Direxion Auspice Broad Commodity Strategy ETF has a 12-month low of $27.46 and a 12-month high of $35.62.

Institutional Investors Weigh In On Direxion Auspice Broad Commodity Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Essential Partners LLC lifted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 1.6% in the 1st quarter. Essential Partners LLC now owns 40,534 shares of the company’s stock valued at $1,361,000 after purchasing an additional 634 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 19,336 shares of the company’s stock valued at $649,000 after purchasing an additional 759 shares during the last quarter. Envision Financial Transparency LLC acquired a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the 1st quarter valued at $310,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the 1st quarter valued at $39,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 131.8% in the 1st quarter. Kestra Advisory Services LLC now owns 7,796 shares of the company’s stock valued at $262,000 after purchasing an additional 4,433 shares during the last quarter.

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.