GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Sees Significant Increase in Short Interest

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 47,248 shares, a growth of 241.0% from the August 15th total of 13,855 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 33,335 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank bought a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter valued at about $28,000. Fifth Third Bancorp bought a new stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter worth about $31,000. Osaic Holdings Inc. raised its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 184.0% during the second quarter. Osaic Holdings Inc. now owns 3,215 shares of the company’s stock worth $67,000 after acquiring an additional 2,083 shares in the last quarter. IFP Advisors Inc boosted its position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 13.3% during the fourth quarter. IFP Advisors Inc now owns 4,436 shares of the company’s stock valued at $94,000 after purchasing an additional 521 shares during the last quarter. Finally, DMC Group LLC bought a new position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the first quarter valued at approximately $229,000.

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

Shares of COMB stock traded down $0.35 during trading on Friday, reaching $28.58. The company’s stock had a trading volume of 50,127 shares, compared to its average volume of 66,502. The business has a fifty day moving average price of $26.53 and a 200-day moving average price of $26.05. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a one year low of $20.23 and a one year high of $28.93.

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.