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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 172,899 shares, a decline of 35.5% from the May 14th total of 268,074 shares. Based on an average daily volume of 388,891 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are sold short.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of COMT stock traded down $0.63 during trading hours on Tuesday, hitting $31.43. The stock had a trading volume of 188,399 shares, compared to its average volume of 615,016. iShares GSCI Commodity Dynamic Roll Strategy ETF has a one year low of $24.24 and a one year high of $36.65. The stock’s 50-day moving average price is $34.30 and its two-hundred day moving average price is $30.15. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -15.18 and a beta of 0.07.

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

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 20.0% in the first quarter. NewEdge Advisors LLC now owns 84,568 shares of the company’s stock worth $2,859,000 after purchasing an additional 14,120 shares during the last quarter. Essential Partners LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.4% during the first quarter. Essential Partners LLC now owns 48,567 shares of the company’s stock valued at $1,642,000 after purchasing an additional 1,146 shares during the period. Bank of America Corp DE raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% during the first quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock valued at $110,458,000 after purchasing an additional 1,050,824 shares during the period. Centaurus Financial Inc. purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the first quarter valued at approximately $103,000. Finally, Sunbelt Securities Inc. raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.7% during the first quarter. Sunbelt Securities Inc. now owns 172,363 shares of the company’s stock valued at $5,828,000 after purchasing an additional 25,904 shares during the period. 1.80% of the stock is owned by institutional investors.

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.