Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Drops By 55.9%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 54,435 shares, a decrease of 55.9% from the January 29th total of 123,349 shares. Based on an average trading volume of 393,607 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 393,607 shares, the days-to-cover ratio is presently 0.1 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 1.3%

NASDAQ:COMT opened at $28.07 on Friday. The company has a market cap of $707.36 million, a PE ratio of -13.56 and a beta of 0.23. iShares GSCI Commodity Dynamic Roll Strategy ETF has a twelve month low of $23.11 and a twelve month high of $28.36. The company’s 50 day moving average is $26.32 and its two-hundred day moving average is $26.51.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $1.9271 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 795.0%. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is -59.90%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at about $30,000. Tucker Asset Management LLC purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $31,000. Triumph Capital Management acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter worth approximately $33,000. EFG International AG purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter worth approximately $45,000. Finally, Principia Wealth Advisory LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 509.7% during the 4th quarter. Principia Wealth Advisory LLC now owns 2,396 shares of the company’s stock worth $60,000 after buying an additional 2,003 shares during the last quarter. Hedge funds and other institutional investors 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.