iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Volume Increase – Here’s Why

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw strong trading volume on Tuesday . 2,042,149 shares traded hands during trading, an increase of 715% from the previous session’s volume of 250,525 shares.The stock last traded at $25.31 and had previously closed at $25.46.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The stock has a 50-day simple moving average of $26.05 and a 200 day simple moving average of $26.02. The stock has a market capitalization of $684.34 million, a P/E ratio of -12.29 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

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

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COMT. Tower Research Capital LLC TRC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $26,000. WealthTrak Capital Management LLC acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $36,000. Transce3nd LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $50,000. Aptus Capital Advisors LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth $86,000. Finally, Smartleaf Asset Management LLC raised its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,664.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,323 shares of the company’s stock valued at $109,000 after acquiring an additional 4,078 shares during the last quarter. 1.80% of the stock is currently owned by institutional investors and hedge funds.

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.