GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 47,248 shares, an increase of 241.0% from the August 15th total of 13,855 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 33,335 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of COMB. Empowered Funds LLC grew its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 18.7% in the first quarter. Empowered Funds LLC now owns 1,005,490 shares of the company’s stock worth $26,409,000 after purchasing an additional 158,108 shares during the period. Resonant Capital Advisors LLC increased its stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 23.8% in the first quarter. Resonant Capital Advisors LLC now owns 926,883 shares of the company’s stock valued at $24,345,000 after purchasing an additional 177,903 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter valued at about $13,456,000. Royal Bank of Canada raised its holdings in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 86.8% during the first quarter. Royal Bank of Canada now owns 367,054 shares of the company’s stock valued at $9,641,000 after purchasing an additional 170,574 shares during the period. Finally, One Degree Advisors Inc boosted its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 5.4% during the 4th quarter. One Degree Advisors Inc now owns 221,854 shares of the company’s stock worth $4,683,000 after purchasing an additional 11,337 shares in the last quarter.
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Price Performance
COMB traded down $0.35 during trading on Friday, hitting $28.58. The company’s stock had a trading volume of 50,127 shares, compared to its average volume of 66,502. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a twelve month low of $20.23 and a twelve month high of $28.93. The stock’s fifty day moving average price is $26.53 and its 200-day moving average price is $26.03.
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.
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