Direxion Auspice ETF Sees Short Interest Drop Amid Institutional Buying

The Direxion Auspice Broad Commodity Strategy ETF traded down 0.6% on Friday, reaching $35.08, with 357,474 shares traded compared to its average volume. During September, the ETF saw a 69.5% drop in short interest, falling from 16,409 shares on August 31st to 5,010 shares as of September 15th. Meanwhile, Ball & Co Wealth Management Inc. purchased a new position in the ETF in the first quarter, and Kestra Advisory Services LLC boosted its position by 131.8% during the same period.

The reduction in short interest and the increased purchasing activity by large investors suggest a shift in market sentiment toward the Direxion Auspice Broad Commodity Strategy ETF. This activity reflects changes in investor positioning within the commodity strategy market.