iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Unusually-High Trading Volume

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMTGet Free Report) saw an uptick in trading volume on Thursday . 7,307,091 shares traded hands during mid-day trading, an increase of 2,414% from the previous session’s volume of 290,651 shares.The stock last traded at $26.74 and had previously closed at $26.82.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The firm’s 50 day moving average is $26.90 and its 200 day moving average is $26.62. The stock has a market cap of $710.16 million, a P/E ratio of -13.00 and a beta of 0.53.

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

A number of large investors have recently made changes to their positions in COMT. Crewe Advisors LLC purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at about $46,000. Spire Wealth Management boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 55.2% in the 3rd quarter. Spire Wealth Management now owns 1,906 shares of the company’s stock worth $56,000 after purchasing an additional 678 shares in the last quarter. ORG Partners LLC grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 180.5% during the 4th quarter. ORG Partners LLC now owns 2,527 shares of the company’s stock worth $64,000 after purchasing an additional 1,626 shares during the last quarter. Sachetta LLC acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at approximately $65,000. Finally, Advisors Preferred LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth $79,000. 1.80% of the stock is owned by institutional investors and hedge funds.

About iShares GSCI Commodity Dynamic Roll Strategy ETF

(Get Free Report)

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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