iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Down 65.8% in July

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 213,222 shares, a decline of 65.8% from the July 15th total of 622,948 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 234,704 shares, the short-interest ratio is currently 0.9 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter worth $30,000. Tucker Asset Management LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $31,000. Triumph Capital Management acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at $33,000. EFG International AG purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $45,000. Finally, Principia Wealth Advisory LLC increased its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% in the fourth quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock valued at $60,000 after buying an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT traded up $0.29 on Friday, hitting $33.64. 145,953 shares of the company were exchanged, compared to its average volume of 533,115. iShares GSCI Commodity Dynamic Roll Strategy ETF has a fifty-two week low of $24.24 and a fifty-two week high of $36.65. The firm has a market capitalization of $1.22 billion, a P/E ratio of -16.25 and a beta of 0.08. The business’s fifty day moving average is $32.07 and its 200 day moving average is $32.00.

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.