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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw strong trading volume on Tuesday . 305,930 shares traded hands during 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 Price Performance

The firm has a market cap of $706.97 million, a price-to-earnings ratio of -12.65 and a beta of 0.53. The business’s 50-day moving average price is $25.87 and its two-hundred day moving average price is $26.06.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders 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

Several large investors have recently added to or reduced their stakes in COMT. Truist Financial Corp bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF during the second quarter worth $68,420,000. Axiom Advisory LLC lifted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 11.4% in 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 during the last quarter. Carrera Capital Advisors bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at $6,490,000. NewEdge Advisors LLC lifted its stake 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 valued at $5,534,000 after buying an additional 202,170 shares during the last quarter. Finally, Nwam LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at $4,287,000. 1.80% of the stock is currently owned by 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.