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

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

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 5.3 %

Shares of COMT traded down $1.39 during midday trading on Tuesday, reaching $24.90. The stock had a trading volume of 203,758 shares, compared to its average volume of 243,006. The firm has a 50 day simple moving average of $26.19 and a 200-day simple moving average of $26.37. iShares GSCI Commodity Dynamic Roll Strategy ETF has a one year low of $24.14 and a one year high of $28.22. The firm has a market cap of $824.19 million, a PE ratio of -12.00 and a beta of 0.53.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COMT. Larson Financial Group LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at approximately $46,000. International Assets Investment Management LLC acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at approximately $54,000. Aptus Capital Advisors LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter valued at about $86,000. Sanctuary Advisors LLC purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth approximately $220,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock worth $297,000 after acquiring an additional 2,500 shares in 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.