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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 65,500 shares, a drop of 65.8% from the January 15th total of 191,400 shares. Based on an average daily volume of 293,400 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 780,255 shares of the company’s stock worth $19,748,000 after acquiring an additional 35,138 shares during the period. Carrera Capital Advisors grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 14.3% during the fourth quarter. Carrera Capital Advisors now owns 353,160 shares of the company’s stock worth $8,938,000 after acquiring an additional 44,076 shares during the period. 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. Sumitomo Mitsui Trust Group Inc. grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 253,253 shares of the company’s stock worth $6,562,000 after acquiring an additional 37,150 shares during the period. Finally, Peak Financial Management Inc. grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.9% during the fourth quarter. Peak Financial Management Inc. now owns 245,014 shares of the company’s stock worth $6,201,000 after acquiring an additional 11,460 shares during the period. 1.80% of the stock is currently owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

COMT traded down $0.28 during trading hours on Wednesday, hitting $26.33. 190,690 shares of the stock were exchanged, compared to its average volume of 222,428. The stock has a market cap of $708.28 million, a price-to-earnings ratio of -12.72 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. The stock has a 50-day simple moving average of $25.90 and a 200-day simple moving average of $26.01.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

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

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.