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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 54,435 shares, a drop of 55.9% from the January 29th total of 123,349 shares. Based on an average trading volume of 393,607 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 393,607 shares, the days-to-cover ratio is presently 0.1 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

NASDAQ COMT traded up $0.30 during trading hours on Friday, hitting $28.02. The company had a trading volume of 101,513 shares, compared to its average volume of 267,838. The business has a 50 day moving average of $26.25 and a 200-day moving average of $26.49. The company has a market cap of $706.15 million, a PE ratio of -13.53 and a beta of 0.23. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1-year low of $23.11 and a 1-year high of $28.36.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.0% in the fourth quarter. CoreCap Advisors LLC now owns 10,666 shares of the company’s stock valued at $266,000 after acquiring an additional 409 shares during the period. Security Financial Services INC. raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.9% in the 3rd quarter. Security Financial Services INC. now owns 8,313 shares of the company’s stock valued at $223,000 after purchasing an additional 536 shares during the last quarter. Prosperity Planning Inc. boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.6% during the 3rd quarter. Prosperity Planning Inc. now owns 22,662 shares of the company’s stock worth $608,000 after purchasing an additional 577 shares during the period. Commonwealth Equity Services LLC grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,720 shares of the company’s stock worth $292,000 after purchasing an additional 591 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the third quarter. Assetmark Inc. now owns 19,670 shares of the company’s stock valued at $528,000 after purchasing an additional 726 shares during the period. Hedge funds and other institutional investors own 1.80% of the company’s stock.

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.