Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Shares Shorted: Short Interest Down 84.5% in October

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,446 shares, a drop of 84.5% from the September 30th total of 28,592 shares. Based on an average daily volume of 39,119 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Direxion Auspice Broad Commodity Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in COM. Ifrah Financial Services Inc. purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF in the 3rd quarter valued at about $4,082,000. Encompass More Asset Management raised its stake in shares of Direxion Auspice Broad Commodity Strategy ETF by 178.6% in the 3rd quarter. Encompass More Asset Management now owns 180,941 shares of the company’s stock valued at $6,302,000 after acquiring an additional 116,003 shares during the period. Pasadena Private Wealth LLC lifted its position in shares of Direxion Auspice Broad Commodity Strategy ETF by 17.4% during the first quarter. Pasadena Private Wealth LLC now owns 357,317 shares of the company’s stock worth $11,995,000 after purchasing an additional 52,895 shares in the last quarter. Thor Investment Management Inc. OH ADV purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the 3rd quarter valued at approximately $1,405,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Direxion Auspice Broad Commodity Strategy ETF in the third quarter worth about $1,073,000.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

Direxion Auspice Broad Commodity Strategy ETF stock opened at $34.34 on Tuesday. The company has a 50-day moving average price of $35.13 and a 200 day moving average price of $33.54. Direxion Auspice Broad Commodity Strategy ETF has a 12-month low of $28.98 and a 12-month high of $35.93.

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.