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) saw strong trading volume on Tuesday . 2,042,149 shares traded hands during trading, an increase of 715% from the previous session’s volume of 250,525 shares.The stock last traded at $25.31 and had previously closed at $25.46.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

The company’s 50 day simple moving average is $26.05 and its two-hundred day simple moving average is $26.02. The stock has a market cap of $684.34 million, a price-to-earnings ratio of -12.29 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The company also recently disclosed 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 dividend payout ratio is -59.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 4th quarter valued at about $26,000. WealthTrak Capital Management LLC acquired a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $36,000. Transce3nd LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter worth approximately $50,000. Aptus Capital Advisors LLC acquired a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 3rd quarter worth $86,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,664.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,323 shares of the company’s stock valued at $109,000 after purchasing an additional 4,078 shares in the last quarter. Hedge funds and other institutional investors 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.