Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Increases By 239.6%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 144,761 shares, a growth of 239.6% from the August 15th total of 42,630 shares. Based on an average daily volume of 173,519 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

COMT stock traded down $0.55 during mid-day trading on Friday, hitting $37.53. 272,161 shares of the stock were exchanged, compared to its average volume of 499,073. The business has a fifty day moving average price of $33.69 and a 200 day moving average price of $33.17. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12 month low of $24.24 and a 12 month high of $38.08. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -18.13 and a beta of 0.09.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of COMT. Legacy Wealth Partners LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the first quarter worth approximately $1,666,000. DORVAL Corp bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at $676,000. Royal Bank of Canada raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 341.0% in the 1st quarter. Royal Bank of Canada now owns 164,280 shares of the company’s stock worth $5,555,000 after purchasing an additional 127,026 shares during the period. Gateway Wealth Partners LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the first quarter worth $1,180,000. Finally, One Capital Management LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth $633,000. Hedge funds and other institutional investors own 1.80% of the company’s stock.

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.