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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 94,878 shares, a decline of 48.0% from the June 15th total of 182,440 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 350,954 shares, the short-interest ratio is presently 0.3 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 0.6%

Shares of NASDAQ COMT traded up $0.18 during midday trading on Friday, reaching $32.59. The company had a trading volume of 118,787 shares, compared to its average volume of 579,607. The business’s 50-day simple moving average is $32.95 and its 200 day simple moving average is $30.97. The stock has a market cap of $1.17 billion, a P/E ratio of -15.74 and a beta of 0.09. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1 year low of $24.24 and a 1 year high of $36.65.

Hedge Funds Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at about $30,000. Triumph Capital Management purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth about $33,000. Tucker Asset Management LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth about $31,000. EFG International AG acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth about $45,000. Finally, Advisory Services Network LLC purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at approximately $63,000. 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.