Short Interest in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Rises By 56.0%

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 41,623 shares, a growth of 56.0% from the February 12th total of 26,688 shares. Based on an average daily trading volume, of 24,595 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 24,595 shares, the short-interest ratio is currently 1.7 days.

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

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF stock traded down $0.11 during trading hours on Friday, reaching $26.08. 28,466 shares of the company’s stock were exchanged, compared to its average volume of 64,991. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a twelve month low of $19.71 and a twelve month high of $26.25. The firm’s 50 day simple moving average is $23.15 and its 200 day simple moving average is $22.53.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter valued at $28,000. Osaic Holdings Inc. grew its stake in shares of 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 valued at $67,000 after buying an additional 2,083 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of 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 period. Focus Partners Wealth grew its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 24.9% in the 3rd quarter. Focus Partners Wealth now owns 17,601 shares of the company’s stock worth $384,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 12.3% in the third quarter. Brooklyn Investment Group now owns 25,276 shares of the company’s stock worth $551,000 after purchasing an additional 2,770 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.