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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 200,000 shares, a growth of 6.3% from the November 15th total of 188,200 shares. Based on an average daily volume of 304,300 shares, the short-interest ratio is currently 0.7 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 5.3 %

COMT traded down $1.39 during trading hours on Tuesday, hitting $24.90. The company’s stock had a trading volume of 203,758 shares, compared to its average volume of 243,006. iShares GSCI Commodity Dynamic Roll Strategy ETF has a fifty-two week low of $24.14 and a fifty-two week high of $28.22. The company has a 50-day simple moving average of $26.19 and a 200 day simple moving average of $26.37. The firm has a market capitalization of $824.19 million, a PE ratio of -12.00 and a beta of 0.53.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Axiom Advisory LLC lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in the third quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock worth $144,969,000 after acquiring an additional 564,318 shares during the last quarter. Truist Financial Corp bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter valued at about $68,420,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock valued at $26,441,000 after buying an additional 870,930 shares in the last quarter. Carrera Capital Advisors grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.1% during the 3rd quarter. Carrera Capital Advisors now owns 309,084 shares of the company’s stock valued at $8,008,000 after purchasing an additional 71,432 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 253,253 shares of the company’s stock worth $6,562,000 after acquiring an additional 37,150 shares during the last quarter. 1.80% of the stock is currently owned by institutional investors.

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.