COM Stock Summary and Trading Ideas (Direxion Auspice Broad Commodity Strategy ETF | ARCA:COM)

The Direxion Auspice Broad Commodity Strategy ETF seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The Direxion Auspice Broad Commodity Strategy ETF seeks to provide investors with an opportunity to take advantage of rising commodity prices, in addition to mitigate risk by going flat (cash) when individual commodities are experiencing downward trends. It seeks to potentially provide commodity investment returns with lower risk characteristics than long-only commodity strategies.

Direxion Auspice Broad Commodity Strategy ETF trades on the ARCA stock market under the symbol COM.

As of May 13, 2024, COM stock price climbed to $29.46 with 4,475 million shares trading.

COM has a beta of 0.04, meaning it tends to be less sensitive to market movements. COM has a correlation of 0.00 to the broad based SPY ETF.

COM has a market cap of $276.92 million. This is considered a Small Cap stock.

In the last 3 years, COM stock traded as high as $36.00 and as low as $27.56.

COM has underperformed the market in the last year with a price return of -2.1% while the SPY ETF gained +27.7%. However, in the short term, COM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +4.2% return in SPY. But in the last 2 weeks, COM shares have been beat by the market, returning +0.1% compared to an SPY return of +2.4%.

COM support price is $29.14 and resistance is $29.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COM stock will trade within this expected range on the day.