iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Stock Short Interest Rises 201.9%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 73,401 shares, a growth of 201.9% from the October 15th total of 24,312 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 148,541 shares, the short-interest ratio is currently 0.5 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Down 0.4%

Shares of NASDAQ:COMT traded down $0.13 on Friday, reaching $35.40. 96,834 shares of the company traded hands, compared to its average volume of 449,232. The business’s 50-day simple moving average is $37.30 and its 200 day simple moving average is $33.58. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 52 week low of $24.24 and a 52 week high of $39.35. The stock has a market capitalization of $1.30 billion, a P/E ratio of -17.10 and a beta of 0.09.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors have recently bought and sold shares of COMT. Harbour Investments Inc. bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth about $40,000. Centaurus Financial Inc. purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter worth about $103,000. Concurrent Investment Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth approximately $122,000. Unique Wealth LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $124,000. Finally, Corient Private Wealth LP purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth about $137,000. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

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.