Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Down 66.7% in May

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 53,654 shares, a drop of 66.7% from the May 14th total of 161,104 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 207,176 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the fourth quarter valued at about $26,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at about $39,000. Kestra Advisory Services LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the fourth quarter valued at about $99,000. Verus Capital Partners LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the third quarter valued at about $237,000. Finally, Envision Financial Transparency LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at about $310,000.

Direxion Auspice Broad Commodity Strategy ETF Price Performance

NYSEARCA:COM opened at $33.00 on Thursday. The business’s 50-day simple moving average is $33.93 and its two-hundred day simple moving average is $32.08. Direxion Auspice Broad Commodity Strategy ETF has a 52 week low of $27.46 and a 52 week high of $35.62.

Direxion Auspice Broad Commodity Strategy ETF Company Profile

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.