Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Decreases By 35.5%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 172,899 shares, a drop of 35.5% from the May 14th total of 268,074 shares. Based on an average trading volume of 388,891 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s shares are sold short.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT stock opened at $31.61 on Wednesday. The company has a market capitalization of $1.01 billion, a P/E ratio of -15.27 and a beta of 0.07. The company’s 50 day moving average price is $34.24 and its two-hundred day moving average price is $30.18. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.24 and a 52 week high of $36.65.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.0% in the fourth quarter. CoreCap Advisors LLC now owns 10,666 shares of the company’s stock valued at $266,000 after buying an additional 409 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,720 shares of the company’s stock valued at $292,000 after buying an additional 591 shares in the last quarter. Wealth Alliance LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.6% in the first quarter. Wealth Alliance LLC now owns 105,985 shares of the company’s stock valued at $3,583,000 after buying an additional 603 shares in the last quarter. Assetmark Inc. grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the third quarter. Assetmark Inc. now owns 19,670 shares of the company’s stock valued at $528,000 after buying an additional 726 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 39.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,627 shares of the company’s stock valued at $65,000 after buying an additional 744 shares in the last quarter. 1.80% of the stock is currently owned by institutional investors and hedge funds.

About iShares GSCI Commodity Dynamic Roll Strategy ETF

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.