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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 144,761 shares, an increase of 239.6% from the August 15th total of 42,630 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 173,519 shares, the short-interest ratio is currently 0.8 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded up $0.46 during trading on Monday, reaching $37.99. 46,823 shares of the company were exchanged, compared to its average volume of 496,467. The stock’s 50 day simple moving average is $33.69 and its two-hundred day simple moving average is $33.21. The company has a market capitalization of $1.38 billion, a P/E ratio of -18.35 and a beta of 0.09. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $24.24 and a 52-week high of $38.08.

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

A number of institutional investors have recently bought and sold shares of COMT. Tortoise Investment Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at approximately $516,000. One Capital Management LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth approximately $633,000. Integrated Wealth Concepts LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth $19,970,000. NewEdge Advisors LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 137.8% during the second quarter. NewEdge Advisors LLC now owns 201,114 shares of the company’s stock worth $6,108,000 after acquiring an additional 116,546 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at $1,269,000. 1.80% of the stock is owned by hedge funds and other 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.