iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Unusually-High Trading Volume – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw unusually-high trading volume on Thursday . Approximately 3,552,643 shares were traded during trading, an increase of 1,792% from the previous session’s volume of 187,796 shares.The stock last traded at $26.7850 and had previously closed at $26.97.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The stock has a market cap of $637.29 million, a P/E ratio of -12.99 and a beta of 0.23. The firm’s fifty day simple moving average is $26.79 and its 200-day simple moving average is $26.49.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Institutional investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 14,612.1% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,111,648 shares of the company’s stock worth $29,848,000 after acquiring an additional 1,104,092 shares during the period. TRUE Private Wealth Advisors bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at about $16,741,000. Tcfg Wealth Management LLC boosted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 2,367.0% during the 3rd quarter. Tcfg Wealth Management LLC now owns 201,456 shares of the company’s stock valued at $5,409,000 after purchasing an additional 193,290 shares in the last quarter. Quadrature Capital Ltd grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 200.9% during the second quarter. Quadrature Capital Ltd now owns 234,889 shares of the company’s stock worth $6,072,000 after purchasing an additional 156,836 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the first quarter worth approximately $3,718,000. 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.