iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Down 70.9% in March

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 66,800 shares, a drop of 70.9% from the February 28th total of 229,300 shares. Based on an average trading volume of 244,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT stock traded down $0.10 during midday trading on Friday, reaching $26.12. The stock had a trading volume of 60,385 shares, compared to its average volume of 259,121. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $24.45 and a 52-week high of $28.22. The stock has a market cap of $702.49 million, a PE ratio of -12.62 and a beta of 0.53. The firm has a fifty day simple moving average of $26.10 and a two-hundred day simple moving average of $26.01.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alhambra Investment Management LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.8% in the fourth quarter. Alhambra Investment Management LLC now owns 64,779 shares of the company’s stock valued at $1,640,000 after acquiring an additional 492 shares during the period. O Brien Greene & Co. Inc lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.8% in the 4th quarter. O Brien Greene & Co. Inc now owns 11,010 shares of the company’s stock valued at $279,000 after purchasing an additional 600 shares during the period. Kingsview Wealth Management LLC grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 19,590 shares of the company’s stock valued at $496,000 after buying an additional 643 shares during the period. Cerity Partners LLC increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% in the third quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock valued at $1,627,000 after buying an additional 742 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth about $26,000. Institutional investors and hedge funds 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.