Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Shares Shorted: Short Interest Up 726.1% in October

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 36,728 shares, a growth of 726.1% from the October 15th total of 4,446 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 32,390 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COM. HighTower Advisors LLC acquired a new stake in Direxion Auspice Broad Commodity Strategy ETF in the third quarter worth approximately $29,956,000. Global View Capital Management LLC boosted its stake in Direxion Auspice Broad Commodity Strategy ETF by 20.2% during the 3rd quarter. Global View Capital Management LLC now owns 211,028 shares of the company’s stock valued at $7,350,000 after purchasing an additional 35,478 shares in the last quarter. Encompass More Asset Management boosted its stake in Direxion Auspice Broad Commodity Strategy ETF by 178.6% during the 3rd quarter. Encompass More Asset Management now owns 180,941 shares of the company’s stock valued at $6,302,000 after purchasing an additional 116,003 shares in the last quarter. Ifrah Financial Services Inc. acquired a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter valued at $4,082,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter valued at $4,075,000.

Direxion Auspice Broad Commodity Strategy ETF Trading Down 0.4%

Shares of COM stock opened at $33.48 on Friday. The stock has a fifty day moving average of $34.83 and a two-hundred day moving average of $33.75. Direxion Auspice Broad Commodity Strategy ETF has a 1 year low of $29.16 and a 1 year high of $35.93.

About Direxion Auspice Broad Commodity Strategy ETF

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.