Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) Short Interest Update

Direxion Auspice Broad Commodity Strategy ETF (NYSEARCA:COM) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 24,250 shares, a drop of 59.1% from the July 15th total of 59,328 shares. Based on an average daily trading volume, of 39,137 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in shares of Direxion Auspice Broad Commodity Strategy ETF during the first quarter valued at about $715,000. Cetera Investment Advisers boosted its position in Direxion Auspice Broad Commodity Strategy ETF by 3.0% during the 2nd quarter. Cetera Investment Advisers now owns 22,239 shares of the company’s stock valued at $615,000 after acquiring an additional 642 shares in the last quarter. Flow Traders U.S. LLC boosted its position in Direxion Auspice Broad Commodity Strategy ETF by 17.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 69,070 shares of the company’s stock valued at $1,985,000 after acquiring an additional 10,471 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Direxion Auspice Broad Commodity Strategy ETF by 26.5% during the 3rd quarter. Susquehanna International Group LLP now owns 18,892 shares of the company’s stock worth $543,000 after acquiring an additional 3,957 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Direxion Auspice Broad Commodity Strategy ETF by 7.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 82,466 shares of the company’s stock worth $2,439,000 after acquiring an additional 5,888 shares during the period.

Direxion Auspice Broad Commodity Strategy ETF Stock Performance

Shares of Direxion Auspice Broad Commodity Strategy ETF stock opened at $34.20 on Monday. The business has a 50 day moving average of $33.42 and a 200 day moving average of $33.22. Direxion Auspice Broad Commodity Strategy ETF has a 52 week low of $27.46 and a 52 week high of $35.62.

About Direxion Auspice Broad Commodity Strategy ETF

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.