GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Sees Significant Decrease in Short Interest

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 14,768 shares, a decrease of 62.5% from the July 15th total of 39,369 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 70,722 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Up 0.8%

Shares of NYSEARCA COMB traded up $0.21 during trading on Friday, hitting $26.53. The company had a trading volume of 12,109 shares, compared to its average volume of 69,756. 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. The stock has a 50 day simple moving average of $25.29 and a 200 day simple moving average of $25.37.

Institutional Investors Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COMB. Comerica Bank purchased a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the first quarter worth $28,000. Jane Street Group LLC lifted its stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 188.0% during the 1st quarter. Jane Street Group LLC now owns 33,551 shares of the company’s stock valued at $728,000 after buying an additional 21,900 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 184.0% during the 2nd quarter. Osaic Holdings Inc. now owns 3,215 shares of the company’s stock valued at $67,000 after buying an additional 2,083 shares in the last quarter. Brooklyn Investment Group boosted its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 12.3% in the 3rd quarter. Brooklyn Investment Group now owns 25,276 shares of the company’s stock worth $551,000 after buying an additional 2,770 shares during the period. Finally, Focus Partners Wealth boosted its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 24.9% in the 3rd quarter. Focus Partners Wealth now owns 17,601 shares of the company’s stock worth $384,000 after buying an additional 3,510 shares during the period.

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.