iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Up 90.5% in October

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 178,500 shares, a growth of 90.5% from the September 30th total of 93,700 shares. Based on an average trading volume of 224,200 shares, the days-to-cover ratio is currently 0.8 days.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF stock traded up $0.20 during trading on Friday, reaching $26.51. The company’s stock had a trading volume of 90,497 shares, compared to its average volume of 230,723. The business’s fifty day moving average price is $26.06 and its 200-day moving average price is $26.71. iShares GSCI Commodity Dynamic Roll Strategy ETF has a one year low of $24.14 and a one year high of $28.82. The firm has a market cap of $919.90 million, a price-to-earnings ratio of -12.81 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Axiom Advisory LLC lifted its position in 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 worth $144,969,000 after purchasing an additional 564,318 shares during the period. Truist Financial Corp acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth approximately $68,420,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% during the second quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock valued at $26,441,000 after acquiring an additional 870,930 shares during the period. Carrera Capital Advisors acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at about $6,490,000. Finally, Evolution Wealth Advisors LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the second quarter. Evolution Wealth Advisors LLC now owns 234,731 shares of the company’s stock valued at $6,412,000 after acquiring an additional 8,525 shares during the last quarter. 1.80% of the stock is owned by institutional investors.

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.