GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Stock Short Interest Climbs 83.2%

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 60,685 shares, an increase of 83.2% from the September 30th total of 33,122 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 19,652 shares, the days-to-cover ratio is currently 3.1 days.

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

Shares of COMB traded down $0.15 during mid-day trading on Friday, hitting $27.77. 22,758 shares of the company’s stock were exchanged, compared to its average volume of 60,558. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a fifty-two week low of $20.23 and a fifty-two week high of $28.99. The business’s 50 day moving average is $28.17 and its two-hundred day moving average is $25.99.

Institutional Trading of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

A number of hedge funds have recently added to or reduced their stakes in COMB. Fifth Third Bancorp purchased a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter valued at approximately $31,000. DMC Group LLC purchased a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter worth approximately $229,000. Financial Enhancement Group LLC purchased a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the second quarter worth approximately $355,000. IFP Advisors Inc lifted its holdings in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 27.5% during the second quarter. IFP Advisors Inc now owns 17,935 shares of the company’s stock worth $432,000 after purchasing an additional 3,869 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter worth $606,000.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Company Profile

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.