iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Increase in Short Interest

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 88,400 shares, a growth of 718.5% from the March 31st total of 10,800 shares. Based on an average daily volume of 263,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth approximately $26,000. Godsey & Gibb Inc. purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 1st quarter worth $32,000. WealthTrak Capital Management LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter valued at about $36,000. AdvisorNet Financial Inc grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 961.2% in the first quarter. AdvisorNet Financial Inc now owns 1,369 shares of the company’s stock valued at $36,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Transce3nd LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth about $50,000. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 0.9 %

Shares of COMT traded down $0.22 during trading hours on Monday, reaching $24.94. 48,871 shares of the company traded hands, compared to its average volume of 264,286. The firm has a market cap of $643.32 million, a price-to-earnings ratio of -12.07 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12-month low of $23.11 and a 12-month high of $27.99. The stock’s fifty day moving average price is $25.46 and its 200 day moving average price is $25.83.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

The iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is an exchange-traded fund that is based on the S&P GSCI Dynamic Roll index. The fund tracks a broad-market commodity index that utilizes a flexible dynamic roll strategy. COMT was launched on Oct 16, 2014 and is managed by BlackRock.