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

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw unusually-high trading volume on Tuesday . Approximately 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 business has a fifty day moving average of $25.87 and a 200-day moving average of $26.06. The stock has a market capitalization of $706.97 million, a price-to-earnings ratio of -12.65 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.2401 per share. The ex-dividend date was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is currently -59.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COMT. Alhambra Investment Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 0.8% in the 4th quarter. Alhambra Investment Management LLC now owns 64,779 shares of the company’s stock worth $1,640,000 after purchasing an additional 492 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 19,590 shares of the company’s stock worth $496,000 after purchasing an additional 643 shares in the last quarter. Cerity Partners LLC increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.2% in the 3rd quarter. Cerity Partners LLC now owns 62,807 shares of the company’s stock worth $1,627,000 after purchasing an additional 742 shares in the last quarter. Prosperity Planning Inc. increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 5.0% in the 3rd quarter. Prosperity Planning Inc. now owns 19,850 shares of the company’s stock worth $514,000 after purchasing an additional 944 shares in the last quarter. Finally, World Equity Group Inc. increased its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.8% in the 3rd quarter. World Equity Group Inc. now owns 26,437 shares of the company’s stock worth $685,000 after purchasing an additional 962 shares in the last quarter. 1.80% of the stock is owned by institutional investors and hedge funds.

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.