Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Decreases By 65.8%

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

Institutional Inflows and Outflows

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded up $0.29 during trading on Friday, reaching $33.64. 145,953 shares of the company’s stock were exchanged, compared to its average volume of 533,115. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1-year low of $24.24 and a 1-year high of $36.65. The company has a market cap of $1.22 billion, a P/E ratio of -16.25 and a beta of 0.08. The firm’s 50-day moving average price is $32.07 and its 200 day moving average price is $32.00.

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.