iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 144,761 shares, a growth of 239.6% from the August 15th total of 42,630 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 173,519 shares, the days-to-cover ratio is presently 0.8 days.
iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance
iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded down $0.55 during trading hours on Friday, reaching $37.53. The company had a trading volume of 272,161 shares, compared to its average volume of 499,073. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12-month low of $24.24 and a 12-month high of $38.08. The company has a 50-day moving average price of $33.69 and a 200 day moving average price of $33.17. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -18.13 and a beta of 0.09.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in COMT. Royal Bank of Canada boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 13.6% during the first quarter. Royal Bank of Canada now owns 18,112 shares of the company’s stock worth $480,000 after purchasing an additional 2,171 shares during the period. Jane Street Group LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.2% in the 1st quarter. Jane Street Group LLC now owns 137,798 shares of the company’s stock worth $3,648,000 after buying an additional 4,304 shares during the period. Creative Planning purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth approximately $323,000. Baird Financial Group Inc. grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.9% in the 2nd quarter. Baird Financial Group Inc. now owns 53,265 shares of the company’s stock worth $1,377,000 after buying an additional 3,424 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.8% in the 2nd quarter. Cerity Partners LLC now owns 51,156 shares of the company’s stock worth $1,322,000 after buying an additional 12,053 shares during the last quarter. 1.80% of the stock is owned by hedge funds and other institutional investors.
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.
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