iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Down 48.0% in June

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 94,878 shares, a drop of 48.0% from the June 15th total of 182,440 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 350,954 shares, the days-to-cover ratio is presently 0.3 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. Sumitomo Mitsui Trust Group Inc. lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 15.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 148,723 shares of the company’s stock worth $3,702,000 after purchasing an additional 20,430 shares during the period. VCI Wealth Management LLC raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 12.4% in the 4th quarter. VCI Wealth Management LLC now owns 234,159 shares of the company’s stock valued at $5,829,000 after buying an additional 25,780 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 257.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,422 shares of the company’s stock valued at $709,000 after buying an additional 19,028 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,059.2% during the 4th quarter. Assetmark Inc. now owns 228,005 shares of the company’s stock worth $5,676,000 after acquiring an additional 208,335 shares during the period. Finally, Legacy Wealth Partners LLC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 1st quarter valued at about $1,666,000. Institutional investors own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of NASDAQ COMT traded up $0.10 during trading hours on Wednesday, hitting $32.45. 268,507 shares of the company’s stock were exchanged, compared to its average volume of 583,529. The company’s 50-day moving average price is $33.04 and its 200-day moving average price is $30.86. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1-year low of $24.24 and a 1-year high of $36.65. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -15.68 and a beta of 0.09.

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.