GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Short Interest Down 51.6% in May

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 14,459 shares, a decrease of 51.6% from the April 30th total of 29,877 shares. Based on an average daily volume of 70,978 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

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

Shares of NYSEARCA:COMB opened at $26.76 on Wednesday. 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 company’s 50 day moving average is $26.53 and its two-hundred day moving average is $24.29.

Institutional Investors Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 18.7% in the 1st quarter. Empowered Funds LLC now owns 1,005,490 shares of the company’s stock valued at $26,409,000 after purchasing an additional 158,108 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 23.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 926,883 shares of the company’s stock valued at $24,345,000 after buying an additional 177,903 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter valued at $13,456,000. Royal Bank of Canada grew its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 86.8% in the 1st quarter. Royal Bank of Canada now owns 367,054 shares of the company’s stock valued at $9,641,000 after buying an additional 170,574 shares during the last quarter. Finally, One Degree Advisors Inc grew its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 5.4% in the 4th quarter. One Degree Advisors Inc now owns 221,854 shares of the company’s stock valued at $4,683,000 after buying an additional 11,337 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.