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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 622,948 shares, an increase of 556.6% from the June 30th total of 94,878 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 419,997 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5,659.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,606,153 shares of the company’s stock worth $114,670,000 after buying an additional 4,526,175 shares in the last quarter. Assetmark Inc. increased its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the first quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock valued at $86,507,000 after buying an additional 2,330,619 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% during the 1st quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock valued at $110,458,000 after acquiring an additional 1,050,824 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $11,722,000. Finally, Vontobel Holding Ltd. lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 186.1% during the 4th quarter. Vontobel Holding Ltd. now owns 601,900 shares of the company’s stock valued at $14,984,000 after acquiring an additional 391,500 shares during the last quarter. 1.80% of the stock is currently owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.2%

iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded down $0.08 during midday trading on Friday, hitting $33.11. The company’s stock had a trading volume of 85,376 shares, compared to its average volume of 568,773. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12 month low of $24.24 and a 12 month high of $36.65. The company has a market capitalization of $1.21 billion, a PE ratio of -16.00 and a beta of 0.09. The stock’s 50-day moving average price is $32.63 and its 200-day moving average price is $31.26.

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.