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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 66,800 shares, a decrease of 70.9% from the February 28th total of 229,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 244,100 shares, the days-to-cover ratio is currently 0.3 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT opened at $26.20 on Thursday. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12-month low of $24.45 and a 12-month high of $28.22. The firm has a 50 day moving average of $26.11 and a two-hundred day moving average of $26.00. The firm has a market capitalization of $704.78 million, a PE ratio of -12.66 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 780,255 shares of the company’s stock worth $19,748,000 after purchasing an additional 35,138 shares during the period. Carrera Capital Advisors boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 14.3% in the fourth quarter. Carrera Capital Advisors now owns 353,160 shares of the company’s stock worth $8,938,000 after buying an additional 44,076 shares during the last quarter. Evolution Wealth Advisors LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 43.9% during the fourth quarter. Evolution Wealth Advisors LLC now owns 335,884 shares of the company’s stock worth $8,501,000 after acquiring an additional 102,473 shares during the period. Focus Partners Wealth raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 20.3% during the fourth quarter. Focus Partners Wealth now owns 270,972 shares of the company’s stock valued at $6,858,000 after acquiring an additional 45,729 shares in the last quarter. Finally, Peak Financial Management Inc. lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.9% in the fourth quarter. Peak Financial Management Inc. now owns 245,014 shares of the company’s stock valued at $6,201,000 after acquiring an additional 11,460 shares during the period. 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.