iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Gap Down – Time to Sell?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares gapped down before the market opened on Tuesday . The stock had previously closed at $26.50, but opened at $24.40. iShares GSCI Commodity Dynamic Roll Strategy ETF shares last traded at $24.2850, with a volume of 39,888 shares traded.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The company has a market cap of $575.79 million, a PE ratio of -11.74 and a beta of 0.23. The company has a 50-day moving average price of $26.79 and a two-hundred day moving average price of $26.54.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th will be issued a $1.9271 dividend. This represents a yield of 792.0%. The ex-dividend date is Tuesday, December 16th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio is currently -59.90%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 14,612.1% in the third quarter. Tradewinds Capital Management LLC now owns 1,111,648 shares of the company’s stock valued at $29,848,000 after purchasing an additional 1,104,092 shares during the period. TRUE Private Wealth Advisors boosted its position in iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.9% in the 3rd quarter. TRUE Private Wealth Advisors now owns 672,791 shares of the company’s stock valued at $18,064,000 after buying an additional 25,153 shares during the last quarter. Focus Partners Wealth grew its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 3.5% during the third quarter. Focus Partners Wealth now owns 283,504 shares of the company’s stock valued at $7,612,000 after acquiring an additional 9,690 shares in the last quarter. Compound Planning Inc. lifted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 10.1% in the first quarter. Compound Planning Inc. now owns 266,496 shares of the company’s stock worth $7,054,000 after acquiring an additional 24,414 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 200.9% during the 2nd quarter. Quadrature Capital Ltd now owns 234,889 shares of the company’s stock valued at $6,072,000 after purchasing an additional 156,836 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.