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

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 62,890 shares, a growth of 107.4% from the December 31st total of 30,318 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 58,790 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 58,790 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the shares of the company are short sold.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Down 2.9%

Shares of COMB opened at $23.47 on Friday. The company has a 50-day simple moving average of $22.59 and a 200-day simple moving average of $21.99. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 52 week low of $19.71 and a 52 week high of $24.49.

Institutional Trading of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

Several institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC grew its stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 110.5% during the second quarter. Flow Traders U.S. LLC now owns 61,156 shares of the company’s stock worth $1,284,000 after buying an additional 32,108 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 8.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 713,960 shares of the company’s stock worth $15,564,000 after acquiring an additional 57,418 shares in the last quarter. Vise Technologies Inc. bought a new stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the 2nd quarter worth approximately $944,000. Comprehensive Money Management Services LLC increased its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 14.1% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 33,738 shares of the company’s stock valued at $708,000 after purchasing an additional 4,175 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 1.6% in the 2nd quarter. Appleton Partners Inc. MA now owns 171,902 shares of the company’s stock valued at $3,608,000 after purchasing an additional 2,657 shares during the last quarter.

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.