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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 229,300 shares, an increase of 62.5% from the February 13th total of 141,100 shares. Based on an average trading volume of 331,100 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently modified their holdings of COMT. Alhambra Investment Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.8% during the fourth quarter. Alhambra Investment Management LLC now owns 64,779 shares of the company’s stock worth $1,640,000 after purchasing an additional 492 shares during the period. O Brien Greene & Co. Inc grew its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.8% in the fourth 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 in the last quarter. Kingsview Wealth Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 19,590 shares of the company’s stock worth $496,000 after buying an additional 643 shares during the period. Cerity Partners LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% during the 3rd quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock worth $1,627,000 after buying an additional 742 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

iShares GSCI Commodity Dynamic Roll Strategy ETF stock opened at $25.69 on Monday. The company has a market capitalization of $691.06 million, a PE ratio of -12.41 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a fifty-two week low of $24.44 and a fifty-two week high of $28.22. The firm has a 50 day moving average price of $26.11 and a 200 day moving average price of $25.98.

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.