Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Sees Large Decrease in Short Interest

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,010 shares, a drop of 69.5% from the August 31st total of 16,409 shares. Based on an average trading volume of 91,612 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Direxion Auspice Broad Commodity Strategy ETF Stock Down 0.6%

Direxion Auspice Broad Commodity Strategy ETF stock traded down $0.21 during mid-day trading on Friday, reaching $35.08. 357,474 shares of the company traded hands, compared to its average volume of 132,753. The firm’s 50 day moving average price is $34.75 and its 200 day moving average price is $34.01. Direxion Auspice Broad Commodity Strategy ETF has a 52-week low of $28.47 and a 52-week high of $35.93.

Institutional Investors Weigh In On Direxion Auspice Broad Commodity Strategy ETF

Large investors have recently modified their holdings of the stock. Ball & Co Wealth Management Inc. purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the 1st quarter worth approximately $39,000. Kestra Advisory Services LLC boosted its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 131.8% during the first quarter. Kestra Advisory Services LLC now owns 7,796 shares of the company’s stock valued at $262,000 after purchasing an additional 4,433 shares in the last quarter. Envision Financial Transparency LLC bought a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at approximately $310,000. Cetera Investment Advisers grew its stake in Direxion Auspice Broad Commodity Strategy ETF by 4.1% in the first quarter. Cetera Investment Advisers now owns 19,336 shares of the company’s stock worth $649,000 after purchasing an additional 759 shares during the period. Finally, Virtu Financial LLC grew its stake in Direxion Auspice Broad Commodity Strategy ETF by 233.3% in the fourth quarter. Virtu Financial LLC now owns 23,927 shares of the company’s stock worth $708,000 after purchasing an additional 16,748 shares during the period.

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.