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

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 14,768 shares, a drop of 62.5% from the July 15th total of 39,369 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 70,722 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of COMB traded up $0.21 during trading hours on Friday, reaching $26.53. The stock had a trading volume of 12,109 shares, compared to its average volume of 69,756. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 52 week low of $20.23 and a 52 week high of $28.05. The firm has a 50-day moving average of $25.29 and a 200 day moving average of $25.37.

Institutional Inflows and Outflows

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

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.