iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Should You Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw an uptick in trading volume on Monday . 1,089,360 shares traded hands during mid-day trading, an increase of 591% from the previous session’s volume of 157,693 shares.The stock last traded at $26.19 and had previously closed at $26.16.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The firm’s 50-day simple moving average is $25.87 and its 200 day simple moving average is $26.01. The company has a market capitalization of $707.85 million, a PE ratio of -12.62 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

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

Institutional Investors 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 stock. Sanctuary Advisors LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter worth $220,000. Axiom Advisory LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in the 3rd quarter. Axiom Advisory LLC now owns 5,530,030 shares of the company’s stock worth $144,969,000 after purchasing an additional 564,318 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 175,322 shares of the company’s stock valued at $4,543,000 after purchasing an additional 5,183 shares in the last quarter. Creative Planning grew its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 22.8% during the 3rd quarter. Creative Planning now owns 12,675 shares of the company’s stock worth $328,000 after purchasing an additional 2,350 shares during the period. Finally, Peak Financial Management Inc. increased its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.6% in the third quarter. Peak Financial Management Inc. now owns 233,554 shares of the company’s stock worth $6,051,000 after acquiring an additional 8,111 shares in the last quarter. Hedge funds and other 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.