GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Short Interest Up 103.6% in May

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 29,433 shares, a growth of 103.6% from the May 14th total of 14,459 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,013 shares, the days-to-cover ratio is presently 0.8 days.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Performance

NYSEARCA COMB traded down $0.13 during trading on Monday, hitting $25.08. 132,888 shares of the stock traded hands, compared to its average volume of 73,124. The firm has a 50-day simple moving average of $26.57 and a 200-day simple moving average of $24.50. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 12-month low of $20.23 and a 12-month high of $28.05.

Hedge Funds Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

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

About GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

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.