Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Drops By 18.9%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 191,400 shares, a decline of 18.9% from the December 31st total of 236,100 shares. Based on an average daily trading volume, of 268,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axiom Advisory LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in the 3rd quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock valued at $144,969,000 after purchasing an additional 564,318 shares during the last quarter. Nwam LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth about $4,287,000. Evolution Wealth Advisors LLC increased its holdings in 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 purchasing an additional 102,473 shares in the last quarter. Avior Wealth Management LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at $2,260,000. Finally, Carrera Capital Advisors raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 30.1% during the third 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 during the period. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT opened at $26.16 on Friday. The stock has a fifty day moving average of $25.87 and a 200-day moving average of $26.05. The stock has a market capitalization of $706.32 million, a price-to-earnings ratio of -12.64 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.44 and a 52 week high of $28.22.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $1.2401 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio is currently -59.90%.

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.