iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw unusually-high trading volume on Monday . Approximately 150,143 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 117,260 shares.The stock last traded at $25.69 and had previously closed at $25.54.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 0.1 %

The company has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $26.18. The company has a market cap of $685.28 million, a PE ratio of -12.35 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cerity Partners LLC raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% during the 3rd quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock worth $1,627,000 after buying an additional 742 shares in the last quarter. Prosperity Planning Inc. boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.0% during the 3rd quarter. Prosperity Planning Inc. now owns 19,850 shares of the company’s stock worth $514,000 after purchasing an additional 944 shares in the last quarter. World Equity Group Inc. boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% during the 3rd quarter. World Equity Group Inc. now owns 26,437 shares of the company’s stock worth $685,000 after purchasing an additional 962 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth $46,000. Finally, EWG Elevate Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 9.5% in the third quarter. EWG Elevate Inc. now owns 23,239 shares of the company’s stock valued at $602,000 after purchasing an additional 2,018 shares during the period. 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.