Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Down 75.3% in June

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,240 shares, a drop of 75.3% from the May 31st total of 53,654 shares. Based on an average daily volume of 247,693 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

NYSEARCA:COM traded down $0.13 during midday trading on Friday, reaching $32.57. The stock had a trading volume of 64,373 shares, compared to its average volume of 163,266. The firm has a fifty day simple moving average of $33.85 and a two-hundred day simple moving average of $32.34. Direxion Auspice Broad Commodity Strategy ETF has a 12-month low of $27.46 and a 12-month high of $35.62.

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Direxion Auspice Broad Commodity Strategy ETF by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 72,141 shares of the company’s stock valued at $2,073,000 after purchasing an additional 477 shares during the period. Essential Partners LLC boosted its holdings in 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 in the last quarter. Cetera Investment Advisers increased its position in Direxion Auspice Broad Commodity Strategy ETF by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 22,239 shares of the company’s stock worth $615,000 after purchasing an additional 642 shares during the period. IFP Advisors Inc grew its holdings in Direxion Auspice Broad Commodity Strategy ETF by 1.6% during the fourth quarter. IFP Advisors Inc now owns 46,992 shares of the company’s stock worth $1,390,000 after acquiring an additional 743 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF during the 4th quarter worth $26,000.

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.