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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 167,141 shares, a drop of 65.2% from the December 31st total of 480,921 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 281,041 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 281,041 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the shares of the stock are sold short.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded down $0.55 during trading hours on Friday, hitting $27.43. 349,572 shares of the stock were exchanged, compared to its average volume of 245,612. The stock has a market capitalization of $691.11 million, a P/E ratio of -13.25 and a beta of 0.23. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12 month low of $23.11 and a 12 month high of $28.36. The business’s 50-day moving average is $25.97 and its two-hundred day moving average is $26.38.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.9271 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 795.0%. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio (DPR) is -59.90%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 31.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 128,293 shares of the company’s stock valued at $3,445,000 after purchasing an additional 31,000 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter valued at $30,000. AE Wealth Management LLC boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.5% in the second quarter. AE Wealth Management LLC now owns 12,936 shares of the company’s stock valued at $334,000 after acquiring an additional 1,925 shares during the last quarter. Quadrature Capital Ltd raised its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 200.9% during the 2nd quarter. Quadrature Capital Ltd now owns 234,889 shares of the company’s stock worth $6,072,000 after purchasing an additional 156,836 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 8.3% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 60,388 shares of the company’s stock valued at $1,561,000 after purchasing an additional 4,634 shares during the period. 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.