iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Gap Down – Time to Sell?

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) gapped down before the market opened on Tuesday . The stock had previously closed at $26.29, but opened at $24.89. iShares GSCI Commodity Dynamic Roll Strategy ETF shares last traded at $24.82, with a volume of 13,269 shares traded.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The business’s 50 day moving average price is $26.19 and its two-hundred day moving average price is $26.37. The company has a market capitalization of $822.20 million, a price-to-earnings ratio of -12.70 and a beta of 0.53.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at $68,420,000. Envestnet Asset Management Inc. boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 895.5% during the second quarter. Envestnet Asset Management Inc. now owns 968,185 shares of the company’s stock valued at $26,441,000 after buying an additional 870,930 shares in the last quarter. Axiom Advisory LLC boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% during the third quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock valued at $144,969,000 after buying an additional 564,318 shares in the last quarter. Carrera Capital Advisors acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth about $6,490,000. Finally, NewEdge Advisors LLC raised its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 41,857.1% in the second quarter. NewEdge Advisors LLC now owns 202,653 shares of the company’s stock worth $5,534,000 after acquiring an additional 202,170 shares in the last quarter. Institutional investors 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.