Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Declines By 98.0%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 16,681 shares, a drop of 98.0% from the March 31st total of 829,844 shares. Based on an average daily volume of 1,403,319 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of NASDAQ:COMT traded down $0.14 on Friday, hitting $34.31. 259,370 shares of the company’s stock were exchanged, compared to its average volume of 674,764. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12 month low of $24.07 and a 12 month high of $35.19. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -16.57 and a beta of 0.08. The business’s 50 day simple moving average is $31.71 and its two-hundred day simple moving average is $28.23.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in COMT. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 31.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 128,293 shares of the company’s stock valued at $3,445,000 after acquiring an additional 31,000 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,059.2% in the fourth quarter. Assetmark Inc. now owns 228,005 shares of the company’s stock valued at $5,676,000 after acquiring an additional 208,335 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 257.3% in the third quarter. JPMorgan Chase & Co. now owns 26,422 shares of the company’s stock valued at $709,000 after acquiring an additional 19,028 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 14,612.1% in the third quarter. Tradewinds Capital Management LLC now owns 1,111,648 shares of the company’s stock valued at $29,848,000 after acquiring an additional 1,104,092 shares in the last quarter. Finally, VCI Wealth Management LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 12.4% in the fourth quarter. VCI Wealth Management LLC now owns 234,159 shares of the company’s stock valued at $5,829,000 after acquiring an additional 25,780 shares in the last quarter. 1.80% of the stock is currently owned by institutional investors.

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.