iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Update

by · The Cerbat Gem

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 622,948 shares, a growth of 556.6% from the June 30th total of 94,878 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 419,997 shares, the short-interest ratio is currently 1.5 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT traded down $0.08 during trading hours on Friday, reaching $33.11. 85,376 shares of the company traded hands, compared to its average volume of 568,773. The stock’s fifty day moving average is $32.63 and its 200 day moving average is $31.26. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 1-year low of $24.24 and a 1-year high of $36.65. The stock has a market cap of $1.21 billion, a P/E ratio of -16.00 and a beta of 0.09.

Hedge Funds Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Large investors have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter worth approximately $30,000. Triumph Capital Management bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the third quarter worth about $33,000. Tucker Asset Management LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at $31,000. EFG International AG acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $45,000. Finally, Advisory Services Network LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth about $63,000. Institutional investors and hedge funds own 1.80% of the company’s stock.

About iShares GSCI Commodity Dynamic Roll Strategy ETF

(Get Free Report)

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.

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