Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Declines By 70.9%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 66,800 shares, a decline 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 presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth approximately $26,000. WealthTrak Capital Management LLC purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth $36,000. Transce3nd LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth $50,000. Smartleaf Asset Management LLC boosted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,664.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,323 shares of the company’s stock valued at $109,000 after buying an additional 4,078 shares during the period. Finally, GeoWealth Management LLC grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 24.8% during the fourth quarter. GeoWealth Management LLC now owns 5,624 shares of the company’s stock valued at $142,000 after buying an additional 1,117 shares during the last quarter. 1.80% of the stock is currently owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.4 %

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded down $0.10 during trading on Friday, hitting $26.12. 60,385 shares of the stock traded hands, compared to its average volume of 259,121. The stock has a market cap of $702.49 million, a price-to-earnings ratio of -12.62 and a beta of 0.53. The firm’s fifty day moving average is $26.10 and its 200-day moving average is $26.01. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.45 and a 52 week high of $28.22.

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.