iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 29,265 shares, a drop of 86.9% from the September 15th total of 224,080 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 346,974 shares, the short-interest ratio is presently 0.1 days.
iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance
Shares of COMT traded down $0.03 during mid-day trading on Friday, reaching $37.49. The company had a trading volume of 88,708 shares, compared to its average volume of 479,048. The company’s 50-day moving average is $35.65 and its 200-day moving average is $34.08. iShares GSCI Commodity Dynamic Roll Strategy ETF has a twelve month low of $24.24 and a twelve month high of $38.33. The company has a market capitalization of $1.39 billion, a P/E ratio of -18.11 and a beta of 0.11.
Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 47.4% in the first quarter. Bank of America Corp DE now owns 3,267,032 shares of the company’s stock worth $110,458,000 after purchasing an additional 1,050,824 shares in the last quarter. Assetmark Inc. raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the first quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock valued at $86,507,000 after buying an additional 2,330,619 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at about $19,970,000. NewEdge Advisors LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 137.8% during the 2nd quarter. NewEdge Advisors LLC now owns 201,114 shares of the company’s stock worth $6,108,000 after buying an additional 116,546 shares in the last quarter. Finally, Nwam LLC lifted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.8% during the 1st quarter. Nwam LLC now owns 200,180 shares of the company’s stock worth $6,768,000 after buying an additional 3,518 shares in the last quarter. 1.80% of the stock is owned by institutional investors and hedge funds.
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.
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