iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Unusually-High Trading Volume

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw unusually-strong trading volume on Thursday . Approximately 7,307,091 shares changed hands during mid-day trading, an increase of 2,414% from the previous session’s volume of 290,651 shares.The stock last traded at $26.74 and had previously closed at $26.82.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Up 0.3 %

The company has a market cap of $669.56 million, a P/E ratio of -12.96 and a beta of 0.53. The firm’s 50-day moving average price is $26.87 and its 200-day moving average price is $26.62.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth $46,000. Spire Wealth Management boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 55.2% in the 3rd quarter. Spire Wealth Management now owns 1,906 shares of the company’s stock worth $56,000 after purchasing an additional 678 shares during the period. ORG Partners LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 180.5% during the 4th quarter. ORG Partners LLC now owns 2,527 shares of the company’s stock valued at $64,000 after buying an additional 1,626 shares in the last quarter. Sachetta LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter valued at about $65,000. Finally, Advisors Preferred LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth about $79,000. 1.80% of the stock is currently owned by hedge funds and other institutional investors.

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.