iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Large Volume Increase – Here’s Why

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw unusually-high trading volume on Tuesday . Approximately 245,004 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 260,494 shares.The stock last traded at $26.55 and had previously closed at $26.47.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The company has a market cap of $713.52 million, a P/E ratio of -12.81 and a beta of 0.53. The business’s 50-day moving average price is $26.08 and its 200 day moving average price is $26.04.

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 business. Cerity Partners LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% during the 3rd quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock worth $1,627,000 after acquiring an additional 742 shares during the period. Flow Traders U.S. LLC lifted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 583.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 52,204 shares of the company’s stock valued at $1,353,000 after purchasing an additional 44,562 shares during the last quarter. MML Investors Services LLC boosted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.7% during the third quarter. MML Investors Services LLC now owns 176,189 shares of the company’s stock worth $4,565,000 after purchasing an additional 6,336 shares during the period. Marion Wealth Management acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $969,000. Finally, Pines Wealth Management LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at $1,185,000. 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.