Short Interest in Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Drops By 66.7%

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 53,654 shares, a decrease of 66.7% from the May 14th total of 161,104 shares. Based on an average daily trading volume, of 207,176 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Direxion Auspice Broad Commodity Strategy ETF by 0.7% during the 3rd 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 increased its position in Direxion Auspice Broad Commodity Strategy ETF by 1.6% during 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 during the period. 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 valued at $615,000 after purchasing an additional 642 shares during the period. IFP Advisors Inc increased its position in Direxion Auspice Broad Commodity Strategy ETF by 1.6% during the 4th quarter. IFP Advisors Inc now owns 46,992 shares of the company’s stock valued at $1,390,000 after purchasing an additional 743 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the 4th quarter valued at $26,000.

Direxion Auspice Broad Commodity Strategy ETF Trading Down 0.2%

Shares of NYSEARCA COM traded down $0.05 during midday trading on Friday, hitting $33.06. The company’s stock had a trading volume of 180,639 shares, compared to its average volume of 162,041. The business’s 50 day moving average is $33.92 and its two-hundred day moving average is $32.11. Direxion Auspice Broad Commodity Strategy ETF has a 12-month low of $27.46 and a 12-month high of $35.62.

About Direxion Auspice Broad Commodity Strategy ETF

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.