iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Strong Trading Volume – Time to Buy?

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) saw strong trading volume on Monday . 150,143 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 117,260 shares.The stock last traded at $25.69 and had previously closed at $25.54.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Down 0.5 %

The company’s 50-day simple moving average is $25.78 and its 200 day simple moving average is $26.16. The stock has a market capitalization of $685.01 million, a price-to-earnings ratio of -12.35 and a beta of 0.53.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a dividend of $1.2401 per share. The ex-dividend date of this dividend was Tuesday, December 17th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio (DPR) is presently -59.90%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Aptus Capital Advisors LLC bought a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF during the third quarter worth approximately $86,000. Sanctuary Advisors LLC acquired a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth $220,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 29.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,891 shares of the company’s stock worth $297,000 after buying an additional 2,500 shares during the period. Creative Planning grew its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 22.8% in the 3rd quarter. Creative Planning now owns 12,675 shares of the company’s stock valued at $328,000 after buying an additional 2,350 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $369,000. 1.80% of the stock is owned by institutional investors.

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.