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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 213,222 shares, a decrease of 65.8% from the July 15th total of 622,948 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 234,704 shares, the short-interest ratio is currently 0.9 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT traded up $0.14 on Friday, hitting $33.49. 111,105 shares of the stock traded hands, compared to its average volume of 532,880. iShares GSCI Commodity Dynamic Roll Strategy ETF has a one year low of $24.24 and a one year high of $36.65. The company has a market capitalization of $1.22 billion, a PE ratio of -16.18 and a beta of 0.08. The business has a 50 day simple moving average of $32.07 and a 200 day simple moving average of $31.99.

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

Several institutional investors have recently modified their holdings of COMT. Royal Bank of Canada increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 13.6% in the 1st quarter. Royal Bank of Canada now owns 18,112 shares of the company’s stock worth $480,000 after buying an additional 2,171 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.2% during the 1st quarter. Jane Street Group LLC now owns 137,798 shares of the company’s stock valued at $3,648,000 after acquiring an additional 4,304 shares during the last quarter. Creative Planning purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at about $323,000. Baird Financial Group Inc. grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.9% in the second quarter. Baird Financial Group Inc. now owns 53,265 shares of the company’s stock worth $1,377,000 after acquiring an additional 3,424 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.8% in the second quarter. Cerity Partners LLC now owns 51,156 shares of the company’s stock worth $1,322,000 after acquiring an additional 12,053 shares during the period. 1.80% of the stock is owned by hedge funds and other institutional investors.

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.