Direxion Auspice ETF Sees Short Interest Drop Amid Institutional Buying
What happened
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.
From tickerreport.com
Why it matters
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.
From tickerreport.com
Who's involved
- DirexionIssuer of the Direxion Auspice Broad Commodity Strategy ETF
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The entities involved
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Direxion
American financial institution
Related events
- Direxion manages a specific ETF fund that tracks the CSI 300 index, based on Shenzhen and trading on Shanghai exchanges.
- Direxion issues and trades the Direxion Daily AVGO Bear 1X ETF on the Nasdaq exchange.
- Direxion issued the Direxion Daily AI and Big Data Bull 2X Shares ETF, filed disclosures with the SEC, and saw institutional buying.
- Direxion issued funds that are traded on the Nasdaq market.