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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 66,800 shares, a decrease of 70.9% from the February 28th total of 229,300 shares. Based on an average daily volume of 244,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

iShares GSCI Commodity Dynamic Roll Strategy ETF stock opened at $26.20 on Thursday. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1-year low of $24.45 and a 1-year high of $28.22. The business has a fifty day moving average price of $26.11 and a 200-day moving average price of $26.00. The stock has a market capitalization of $704.78 million, a price-to-earnings ratio of -12.66 and a beta of 0.53.

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

Several institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 780,255 shares of the company’s stock valued at $19,748,000 after acquiring an additional 35,138 shares in the last quarter. Carrera Capital Advisors increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 14.3% during the 4th quarter. Carrera Capital Advisors now owns 353,160 shares of the company’s stock valued at $8,938,000 after purchasing an additional 44,076 shares in the last quarter. Evolution Wealth Advisors LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 43.9% in the fourth quarter. Evolution Wealth Advisors LLC now owns 335,884 shares of the company’s stock worth $8,501,000 after buying an additional 102,473 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 20.3% during the fourth quarter. Focus Partners Wealth now owns 270,972 shares of the company’s stock worth $6,858,000 after buying an additional 45,729 shares during the period. Finally, Peak Financial Management Inc. grew its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 4.9% during the fourth quarter. Peak Financial Management Inc. now owns 245,014 shares of the company’s stock valued at $6,201,000 after buying an additional 11,460 shares during the last quarter. Institutional investors and hedge funds 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.