iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Volume Increase – What’s Next?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw strong trading volume on Thursday . 3,552,643 shares were traded during mid-day trading, an increase of 1,792% from the previous session’s volume of 187,796 shares.The stock last traded at $26.7850 and had previously closed at $26.97.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.9%

The company has a market capitalization of $631.84 million, a PE ratio of -12.88 and a beta of 0.23. The company has a 50-day moving average price of $26.80 and a two-hundred day moving average price of $26.51.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of COMT. Sunbelt Securities Inc. boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 142,276 shares of the company’s stock valued at $3,820,000 after purchasing an additional 8,428 shares during the period. Advisory Services Network LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth $63,000. Tcfg Wealth Management LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2,367.0% during the third quarter. Tcfg Wealth Management LLC now owns 201,456 shares of the company’s stock valued at $5,409,000 after buying an additional 193,290 shares during the period. Hancock Whitney Corp grew its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 132.0% during the third quarter. Hancock Whitney Corp now owns 109,058 shares of the company’s stock worth $2,928,000 after buying an additional 62,045 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% in the 3rd quarter. NewEdge Advisors LLC now owns 116,933 shares of the company’s stock worth $3,140,000 after acquiring an additional 1,414 shares during the last quarter. Institutional investors own 1.80% of the company’s stock.

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.