iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Volume Increase

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw strong trading volume on Thursday . 1,110,198 shares traded hands during mid-day trading, an increase of 497% from the previous session’s volume of 185,856 shares.The stock last traded at $27.58 and had previously closed at $27.66.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business has a fifty day simple moving average of $26.69 and a 200-day simple moving average of $26.65. The firm has a market cap of $692.47 million, a price-to-earnings ratio of -13.36 and a beta of 0.53.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management increased its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.9% in the 1st quarter. Triumph Capital Management now owns 21,679 shares of the company’s stock worth $589,000 after purchasing an additional 401 shares in the last quarter. Raymond James & Associates increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 7.8% in the first quarter. Raymond James & Associates now owns 194,928 shares of the company’s stock valued at $5,263,000 after buying an additional 14,162 shares during the period. Pettinga Financial Advisors LLC increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 9.0% in the first quarter. Pettinga Financial Advisors LLC now owns 39,643 shares of the company’s stock valued at $1,070,000 after buying an additional 3,269 shares during the period. Axiom Advisory LLC increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 7.2% in the first quarter. Axiom Advisory LLC now owns 75,301 shares of the company’s stock valued at $2,033,000 after buying an additional 5,029 shares during the period. Finally, EWG Elevate Inc. increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 10.2% in the first quarter. EWG Elevate Inc. now owns 20,530 shares of the company’s stock valued at $554,000 after buying an additional 1,892 shares during the period. Institutional investors and hedge funds own 1.80% of the company’s stock.

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.