GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (NYSEARCA:COMB – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 47,248 shares, a growth of 241.0% from the August 15th total of 13,855 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 33,335 shares, the days-to-cover ratio is presently 1.4 days.
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF Stock Down 1.2%
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF stock traded down $0.35 during mid-day trading on Friday, hitting $28.58. 50,127 shares of the stock were exchanged, compared to its average volume of 66,502. GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF has a 12 month low of $20.23 and a 12 month high of $28.93. The firm’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $26.03.
Hedge Funds Weigh In On GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
A number of hedge funds have recently bought and sold shares of COMB. Empowered Funds LLC boosted its position in 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 acquiring an additional 158,108 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 23.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 926,883 shares of the company’s stock worth $24,345,000 after acquiring an additional 177,903 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter valued at about $606,000. Royal Bank of Canada lifted its stake in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF by 86.8% in the 1st quarter. Royal Bank of Canada now owns 367,054 shares of the company’s stock valued at $9,641,000 after purchasing an additional 170,574 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in the 1st quarter valued at about $13,456,000.
About GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
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.
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