iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Up 48.7% in March

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 829,844 shares, a growth of 48.7% from the March 15th total of 558,171 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 1,122,061 shares, the days-to-cover ratio is currently 0.7 days.

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

Large investors have recently modified their holdings of the business. Kingdom Financial Group LLC. purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $30,000. Tucker Asset Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $31,000. Triumph Capital Management purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the third quarter worth about $33,000. EFG International AG purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $45,000. Finally, Principia Wealth Advisory LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the fourth quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock worth $60,000 after acquiring an additional 2,003 shares during the last quarter. Hedge funds and other institutional investors own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded down $0.45 during trading hours on Tuesday, reaching $32.77. The stock had a trading volume of 29,636 shares, compared to its average volume of 663,265. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -15.83 and a beta of 0.08. The business’s 50 day moving average price is $30.56 and its 200-day moving average price is $27.84. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.07 and a 52 week high of $35.19.

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.