iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Stock Short Interest Jumps 201.9%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 73,401 shares, a growth of 201.9% from the October 15th total of 24,312 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 148,541 shares, the short-interest ratio is presently 0.5 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.4%

NASDAQ:COMT traded down $0.13 on Friday, reaching $35.40. The company’s stock had a trading volume of 96,834 shares, compared to its average volume of 449,232. The stock has a 50 day moving average price of $37.30 and a 200 day moving average price of $33.58. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12-month low of $24.24 and a 12-month high of $39.35. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -17.10 and a beta of 0.09.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the first quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock valued at $86,507,000 after purchasing an additional 2,330,619 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% in the 1st quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock valued at $110,458,000 after buying an additional 1,050,824 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at $19,970,000. Vontobel Holding Ltd. purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter valued at $13,059,000. Finally, Empowered Funds LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth $4,924,000. 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.