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 target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 178,500 shares, a growth of 90.5% from the September 30th total of 93,700 shares. Based on an average trading volume of 224,200 shares, the days-to-cover ratio is presently 0.8 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT traded up $0.20 during trading hours on Friday, reaching $26.51. The company’s stock had a trading volume of 90,497 shares, compared to its average volume of 230,723. The firm has a market cap of $919.90 million, a PE ratio of -12.81 and a beta of 0.53. The company’s 50-day moving average is $26.06 and its 200-day moving average is $26.71. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.14 and a 52 week high of $28.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $54,000. Mercer Global Advisors Inc. ADV increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock valued at $297,000 after buying an additional 2,500 shares during the period. Pettinga Financial Advisors LLC raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 9.0% during the first quarter. Pettinga Financial Advisors LLC now owns 39,643 shares of the company’s stock worth $1,070,000 after acquiring an additional 3,269 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter valued at $490,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 216,103 shares of the company’s stock valued at $5,902,000 after buying an additional 6,890 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.