iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Sees Unusually-High Trading Volume – Here’s Why

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares saw an uptick in trading volume on Friday . 196,556 shares were traded during trading, an increase of 25% from the previous session’s volume of 157,300 shares.The stock last traded at $25.4960 and had previously closed at $25.42.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The stock has a market capitalization of $645.16 million, a P/E ratio of -12.27 and a beta of 0.23. The stock’s 50-day simple moving average is $26.13 and its 200 day simple moving average is $26.36.

iShares GSCI Commodity Dynamic Roll Strategy ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.9271 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 795.0%. iShares GSCI Commodity Dynamic Roll Strategy ETF’s dividend payout ratio is presently -59.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth approximately $30,000. Triumph Capital Management purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the third quarter worth $33,000. Union Bancaire Privee UBP SA purchased a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter worth $40,000. Advisory Services Network LLC bought a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 3rd quarter valued at $63,000. Finally, Tcfg Wealth Management LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the 2nd quarter valued at $211,000. 1.80% of the stock is currently owned by hedge funds and other 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.