Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Sees Significant Increase in Short Interest

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 161,104 shares, an increase of 1,524.0% from the April 30th total of 9,920 shares. Based on an average daily volume of 202,848 shares, the short-interest ratio is presently 0.8 days. Currently, 2.1% of the shares of the stock are sold short.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

NYSEARCA:COM traded down $0.30 during midday trading on Wednesday, hitting $33.95. 139,469 shares of the stock were exchanged, compared to its average volume of 153,875. Direxion Auspice Broad Commodity Strategy ETF has a one year low of $27.46 and a one year high of $35.62. The business has a 50-day moving average price of $33.91 and a two-hundred day moving average price of $31.79.

Institutional Investors Weigh In On Direxion Auspice Broad Commodity Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COM. Stratos Investment Management LLC grew its position in Direxion Auspice Broad Commodity Strategy ETF by 92.6% during the 3rd quarter. Stratos Investment Management LLC now owns 431,456 shares of the company’s stock worth $12,397,000 after purchasing an additional 207,425 shares in the last quarter. HighTower Advisors LLC grew its position in Direxion Auspice Broad Commodity Strategy ETF by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 396,308 shares of the company’s stock worth $11,723,000 after purchasing an additional 9,276 shares in the last quarter. Pasadena Private Wealth LLC grew its position in Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the 1st quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock worth $11,995,000 after purchasing an additional 52,895 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Direxion Auspice Broad Commodity Strategy ETF by 1.0% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 176,048 shares of the company’s stock worth $5,207,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Ifrah Financial Services Inc. grew its position in Direxion Auspice Broad Commodity Strategy ETF by 1.2% during the 4th quarter. Ifrah Financial Services Inc. now owns 121,101 shares of the company’s stock worth $3,582,000 after purchasing an additional 1,427 shares in the last quarter.

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.