Short Interest in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Declines By 62.5%

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,768 shares, a decline of 62.5% from the July 15th total of 39,369 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 70,722 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Financial Enhancement Group LLC bought a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 2nd quarter valued at about $355,000. Royal Bank of Canada increased its position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 86.8% during the first quarter. Royal Bank of Canada now owns 367,054 shares of the company’s stock worth $9,641,000 after buying an additional 170,574 shares during the last quarter. Empowered Funds LLC raised its stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 18.7% in the first quarter. Empowered Funds LLC now owns 1,005,490 shares of the company’s stock valued at $26,409,000 after buying an additional 158,108 shares during the period. Prospect Financial Group LLC raised its stake in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 4.6% in the first quarter. Prospect Financial Group LLC now owns 75,919 shares of the company’s stock valued at $1,994,000 after buying an additional 3,308 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the first quarter valued at approximately $606,000.

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

NYSEARCA:COMB opened at $26.32 on Friday. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 1-year low of $20.23 and a 1-year high of $28.05. The firm has a fifty day simple moving average of $25.28 and a 200 day simple moving average of $25.36.

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.