Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Down 50.3% in August

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

Direxion Auspice Broad Commodity Strategy ETF Stock Down 0.3%

COM stock traded down $0.11 during trading on Wednesday, reaching $35.56. The stock had a trading volume of 36,113 shares, compared to its average volume of 134,694. The stock’s 50 day moving average is $34.45 and its two-hundred day moving average is $33.84. Direxion Auspice Broad Commodity Strategy ETF has a 52 week low of $28.35 and a 52 week high of $35.93.

Hedge Funds Weigh In On Direxion Auspice Broad Commodity Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pasadena Private Wealth LLC grew its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the 1st quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock valued at $11,995,000 after acquiring an additional 52,895 shares during the period. Virtu Financial LLC raised its holdings in Direxion Auspice Broad Commodity Strategy ETF by 233.3% in the 4th quarter. Virtu Financial LLC now owns 23,927 shares of the company’s stock worth $708,000 after purchasing an additional 16,748 shares during the period. Kestra Advisory Services LLC lifted its position in Direxion Auspice Broad Commodity Strategy ETF by 131.8% during the first 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 in the last quarter. Envision Financial Transparency LLC purchased a new position in Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at $310,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at about $39,000.

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.