Short Interest in Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Expands By 382.5%

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 14,890 shares, a growth of 382.5% from the December 15th total of 3,086 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 41,447 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 41,447 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its stake in Direxion Auspice Broad Commodity Strategy ETF by 24.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,110 shares of the company’s stock worth $58,000 after buying an additional 410 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 72,141 shares of the company’s stock worth $2,073,000 after acquiring an additional 477 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 3.0% during the second quarter. Cetera Investment Advisers now owns 22,239 shares of the company’s stock worth $615,000 after acquiring an additional 642 shares during the period. Riverbend Wealth Management LLC increased its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 3.2% during the second quarter. Riverbend Wealth Management LLC now owns 21,308 shares of the company’s stock worth $589,000 after acquiring an additional 656 shares during the period. Finally, CoreCap Advisors LLC acquired a new stake in shares of Direxion Auspice Broad Commodity Strategy ETF in the fourth quarter valued at $26,000.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

Shares of Direxion Auspice Broad Commodity Strategy ETF stock opened at $30.80 on Thursday. The business has a 50-day moving average of $29.72 and a 200 day moving average of $28.83. Direxion Auspice Broad Commodity Strategy ETF has a 12 month low of $27.46 and a 12 month high of $30.96.

Direxion Auspice Broad Commodity Strategy ETF Company Profile

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.