ETF of the Week: Direxion Auspice Broad Commodity Strategy ETF (COM)

ETF Trends CEO Tom Lydon discussed the Direxion Auspice Broad Commodity Strategy ETF (COM) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

“Commodities may provide a valuable diversifying component to any long-term investment portfolio. Why commodities? Inflation protection. Commodities represent a significant portion of the CPI’s volatility, resulting in a positive and often outsized response to inflation.”

AUSPICE ANNOUNCES INVESTOR WARNING IN RESPECT OF CCX CLOSURE MARKET PRICE DIFFERENTIAL FROM NET ASSET VALUE

Toronto, Ontario – April 2, 2020 - Auspice Capital Advisors Ltd. (“Auspice”) is providing an update in respect of the previously announced termination of the Canadian Crude Oil Index ETF (“CCX”), which trades on the Toronto Stock Exchange (the “TSX”) under the ticker symbol CCX, on or about May 22, 2020, and the delisting of units of CCX from the TSX on or about May 19, 2020.
As previously indicated, in accordance with applicable securities laws, no further direct subscriptions for units of CCX have been permitted since March 12, 2020.
AUSPICE IS CONCERNED THAT INVESTORS ARE BUYING UNITS OF CCX ON THE TSX AT A TRADING PRICE PER UNIT OF CCX THAT IS WELL ABOVE THE NET ASSET VALUE (“NAV”) PER UNIT OF CCX.

Link to full press release here.

AUSPICE ANNOUNCES CLOSURE OF CCX ETF

Toronto, Ontario – March 12, 2020 – Auspice Capital Advisors Ltd. (“Auspice”) announced today that it will be terminating Canadian Crude Oil Index ETF (the “ETF”) (ticker symbol: CCX) effective at the close of business on or about May 22, 2020 (the “Termination Date”).

Link to full press release here.