iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Up 6.3% in November

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 200,000 shares, an increase of 6.3% from the November 15th total of 188,200 shares. Based on an average daily volume of 304,300 shares, the days-to-cover ratio is currently 0.7 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

COMT traded down $0.12 during trading on Monday, hitting $26.29. The stock had a trading volume of 198,422 shares, compared to its average volume of 243,181. The firm has a market capitalization of $870.20 million, a P/E ratio of -12.74 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a twelve month low of $24.14 and a twelve month high of $28.22. The company’s 50-day moving average price is $26.22 and its 200 day moving average price is $26.37.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in COMT. Truist Financial Corp purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at approximately $68,420,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock valued at $26,441,000 after buying an additional 870,930 shares during the period. Axiom Advisory LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in the third quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock valued at $144,969,000 after buying an additional 564,318 shares in the last quarter. Carrera Capital Advisors purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at approximately $6,490,000. Finally, NewEdge Advisors LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% during the second quarter. NewEdge Advisors LLC now owns 202,653 shares of the company’s stock worth $5,534,000 after acquiring an additional 202,170 shares during the period. Hedge funds and other institutional investors own 1.80% of the company’s stock.

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.