Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Expands By 51.7%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 236,100 shares, a growth of 51.7% from the December 15th total of 155,600 shares. Based on an average trading volume of 291,400 shares, the days-to-cover ratio is presently 0.8 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT traded down $0.07 on Friday, hitting $26.68. 77,452 shares of the company were exchanged, compared to its average volume of 152,305. The firm has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $26.12. The stock has a market capitalization of $720.36 million, a PE ratio of -12.89 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12 month low of $24.44 and a 12 month high of $28.22.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $1.2401 dividend. The ex-dividend date was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is -59.90%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the third quarter valued at about $86,000. Sanctuary Advisors LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at about $220,000. Mercer Global Advisors Inc. ADV raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock valued at $297,000 after purchasing an additional 2,500 shares during the last quarter. Creative Planning lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 22.8% in the 3rd quarter. Creative Planning now owns 12,675 shares of the company’s stock worth $328,000 after buying an additional 2,350 shares during the period. Finally, Prosperity Planning Inc. grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.0% in the 3rd quarter. Prosperity Planning Inc. now owns 19,850 shares of the company’s stock worth $514,000 after buying an additional 944 shares during the last quarter. 1.80% of the stock is currently owned by institutional investors.

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.