Short Interest in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) Rises By 171.8%

GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 52,980 shares, a growth of 171.8% from the June 15th total of 19,492 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 98,758 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of COMB opened at $25.20 on Tuesday. The firm has a fifty day moving average of $25.81 and a 200-day moving average of $24.73. 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Enhancement Group LLC bought a new position in GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 2nd quarter worth about $355,000. Royal Bank of Canada raised its holdings in shares of 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 valued at $9,641,000 after buying an additional 170,574 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 18.7% during 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 last quarter. Prospect Financial Group LLC raised its holdings in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 4.6% during 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 last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF during the first quarter worth approximately $606,000.

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.