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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw an uptick in trading volume on Tuesday . 305,930 shares changed hands during mid-day trading, an increase of 112% from the previous session’s volume of 144,592 shares.The stock last traded at $26.09 and had previously closed at $26.06.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The firm’s 50 day moving average price is $25.87 and its two-hundred day moving average price is $26.04. The firm has a market cap of $705.78 million, a PE ratio of -12.63 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% in the 2nd quarter. NewEdge Advisors LLC now owns 202,653 shares of the company’s stock valued at $5,534,000 after purchasing an additional 202,170 shares during the last quarter. Truist Financial Corp purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter valued at about $68,420,000. Sanctuary Advisors LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $220,000. Arkansas Financial Group Inc. raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 45.1% in the 3rd quarter. Arkansas Financial Group Inc. now owns 51,854 shares of the company’s stock valued at $1,344,000 after acquiring an additional 16,107 shares during the period. Finally, Prosperity Planning Inc. grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.0% in the third quarter. Prosperity Planning Inc. now owns 19,850 shares of the company’s stock valued at $514,000 after buying an additional 944 shares in the last quarter. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

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.