GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Short Interest Update

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 14,459 shares, a decrease of 51.6% from the April 30th total of 29,877 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 70,978 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Performance

NYSEARCA:COMB traded up $0.29 on Monday, reaching $26.66. 39,951 shares of the stock traded hands, compared to its average volume of 73,027. The company’s 50 day moving average is $26.53 and its 200-day moving average is $24.29. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 1-year low of $20.23 and a 1-year high of $28.05.

Hedge Funds Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

A number of institutional investors and hedge funds have recently modified their holdings of COMB. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the 1st quarter worth approximately $13,456,000. Empowered Funds LLC raised its stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 134.8% during the 4th quarter. Empowered Funds LLC now owns 847,382 shares of the company’s stock worth $17,888,000 after buying an additional 486,500 shares during the period. Royal Bank of Canada boosted its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 10,833.8% in the fourth quarter. Royal Bank of Canada now owns 196,480 shares of the company’s stock worth $4,148,000 after acquiring an additional 194,683 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings 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 worth $24,345,000 after acquiring an additional 177,903 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the first quarter valued at approximately $606,000.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Company Profile

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.