Short Interest in iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Increases By 51.7%

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 236,100 shares, a growth of 51.7% from the December 15th total of 155,600 shares. Based on an average daily volume of 291,400 shares, the days-to-cover ratio is presently 0.8 days.

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

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% in the second quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock worth $26,441,000 after buying an additional 870,930 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock valued at $297,000 after acquiring an additional 2,500 shares during the period. Hancock Whitney Corp increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 44.5% in the 2nd quarter. Hancock Whitney Corp now owns 93,546 shares of the company’s stock worth $2,555,000 after acquiring an additional 28,808 shares in the last quarter. NewEdge Advisors LLC raised its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% during the 2nd 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. Finally, Truist Financial Corp purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter valued at approximately $68,420,000. 1.80% of the stock is owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

Shares of COMT traded down $0.07 on Friday, reaching $26.68. The company’s stock had a trading volume of 77,452 shares, compared to its average volume of 152,305. The stock’s 50 day simple moving average is $25.78 and its two-hundred day simple moving average is $26.12. The stock has a market capitalization of $720.36 million, a P/E ratio of -12.89 and a beta of 0.53. iShares GSCI Commodity Dynamic Roll Strategy ETF has a 12-month low of $24.44 and a 12-month high of $28.22.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.2401 per share. The ex-dividend date of this dividend was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is -59.90%.

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.