Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Expands By 239.6%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 144,761 shares, an increase of 239.6% from the August 15th total of 42,630 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 173,519 shares, the days-to-cover ratio is currently 0.8 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

NASDAQ COMT traded down $0.55 during mid-day trading on Friday, hitting $37.53. The company’s stock had a trading volume of 272,161 shares, compared to its average volume of 499,073. The firm has a market capitalization of $1.37 billion, a P/E ratio of -18.13 and a beta of 0.09. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52-week low of $24.24 and a 52-week high of $38.08. The stock’s fifty day simple moving average is $33.69 and its two-hundred day simple moving average is $33.17.

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

A number of hedge funds have recently made changes to their positions in COMT. Legacy Wealth Partners LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the first quarter worth $1,666,000. Gateway Wealth Partners LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 1st quarter valued at $1,180,000. Royal Bank of Canada increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 341.0% during the 1st quarter. Royal Bank of Canada now owns 164,280 shares of the company’s stock worth $5,555,000 after buying an additional 127,026 shares during the period. DORVAL Corp purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth $676,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter worth $373,000. 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.