GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Short Interest Up 19.8% in April

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,599 shares, an increase of 19.8% from the March 31st total of 5,508 shares. Based on an average daily volume of 77,413 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

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

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF stock traded down $0.14 during trading on Friday, reaching $27.26. The company had a trading volume of 63,659 shares, compared to its average volume of 77,283. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 52 week low of $20.23 and a 52 week high of $27.42. The firm’s 50-day simple moving average is $25.56 and its 200 day simple moving average is $23.59.

Hedge Funds Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF

A number of institutional investors have recently bought and sold shares of COMB. Beacon Harbor Wealth Advisors Inc. bought a new position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter worth $13,456,000. Empowered Funds LLC raised its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 134.8% in the 4th quarter. Empowered Funds LLC now owns 847,382 shares of the company’s stock worth $17,888,000 after purchasing an additional 486,500 shares during the period. Royal Bank of Canada raised its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 10,833.8% during the fourth quarter. Royal Bank of Canada now owns 196,480 shares of the company’s stock valued at $4,148,000 after acquiring an additional 194,683 shares during the period. Resonant Capital Advisors LLC raised its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 23.8% during the first quarter. Resonant Capital Advisors LLC now owns 926,883 shares of the company’s stock valued at $24,345,000 after acquiring an additional 177,903 shares during the period. Finally, One Degree Advisors Inc raised its holdings in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 56.4% during the third quarter. One Degree Advisors Inc now owns 210,517 shares of the company’s stock valued at $4,589,000 after acquiring an additional 75,895 shares during the period.

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Company Profile

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.