iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw unusually-high trading volume on Thursday . Approximately 1,110,198 shares changed hands during trading, an increase of 497% from the previous session’s volume of 185,856 shares.The stock last traded at $27.58 and had previously closed at $27.66.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The firm has a fifty day simple moving average of $26.78 and a 200 day simple moving average of $26.65. The company has a market cap of $692.72 million, a price-to-earnings ratio of -13.44 and a beta of 0.53.

Hedge Funds 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 stock. Crewe Advisors LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at approximately $46,000. Spire Wealth Management boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 55.2% in the third quarter. Spire Wealth Management now owns 1,906 shares of the company’s stock valued at $56,000 after acquiring an additional 678 shares during the period. ORG Partners LLC boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 180.5% in the fourth quarter. ORG Partners LLC now owns 2,527 shares of the company’s stock valued at $64,000 after acquiring an additional 1,626 shares during the period. Sachetta LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $65,000. Finally, Advisors Preferred LLC bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter valued at approximately $79,000. Institutional investors and hedge funds 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.