Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Declines By 70.9%

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.4 %

Shares of COMT stock traded down $0.11 during trading hours on Friday, reaching $26.10. 157,878 shares of the company’s stock were exchanged, compared to its average volume of 260,533. iShares GSCI Commodity Dynamic Roll Strategy ETF has a fifty-two week low of $24.45 and a fifty-two week high of $28.22. The stock has a market capitalization of $702.09 million, a P/E ratio of -12.61 and a beta of 0.53. The business has a fifty day moving average price of $26.08 and a 200-day moving average price of $26.01.

Hedge Funds Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Several large investors have recently bought and sold shares of COMT. Tower Research Capital LLC TRC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth $26,000. WealthTrak Capital Management LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter worth about $36,000. Transce3nd LLC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at about $50,000. Smartleaf Asset Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,664.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,323 shares of the company’s stock valued at $109,000 after acquiring an additional 4,078 shares during the period. Finally, GeoWealth Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 24.8% in the fourth quarter. GeoWealth Management LLC now owns 5,624 shares of the company’s stock valued at $142,000 after acquiring an additional 1,117 shares during the period. 1.80% of the stock is currently owned by institutional investors and hedge funds.

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.