iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Down 35.5% in May

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a large decline in short interest in 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 trading volume of 388,891 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the company are short sold.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF stock opened at $31.42 on Thursday. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $24.24 and a 52-week high of $36.65. The stock’s 50-day simple moving average is $34.17 and its 200 day simple moving average is $30.21. The stock has a market capitalization of $1.01 billion, a P/E ratio of -15.18 and a beta of 0.07.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMT. Kingdom Financial Group LLC. bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $30,000. Tucker Asset Management LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $31,000. Triumph Capital Management bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter valued at about $33,000. EFG International AG bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $45,000. Finally, Principia Wealth Advisory LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the 4th quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after buying an additional 2,003 shares in the last quarter. 1.80% of the stock is currently 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.