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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a significant decline in short interest in 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. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 388,891 shares, the short-interest ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kingdom Financial Group LLC. purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter valued at $30,000. Tucker Asset Management LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at about $31,000. Triumph Capital Management purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at about $33,000. EFG International AG purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at about $45,000. Finally, Principia Wealth Advisory LLC lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% in the fourth quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after acquiring an additional 2,003 shares in the last quarter. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 2.0%

NASDAQ COMT traded down $0.63 on Tuesday, hitting $31.43. 188,399 shares of the company traded hands, compared to its average volume of 615,016. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -15.18 and a beta of 0.07. The business’s 50 day moving average price is $34.30 and its 200-day moving average price is $30.15. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $24.24 and a 52-week high of $36.65.

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.