iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Gap Up – Still a Buy?

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares gapped up before the market opened on Monday . The stock had previously closed at $32.63, but opened at $33.86. iShares GSCI Commodity Dynamic Roll Strategy ETF shares last traded at $33.52, with a volume of 127,888 shares traded.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The business’s fifty day simple moving average is $30.68 and its 200 day simple moving average is $27.88. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -15.89 and a beta of 0.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC grew its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 108.0% during the 4th quarter. Hsbc Holdings PLC now owns 51,312 shares of the company’s stock valued at $1,277,000 after buying an additional 26,639 shares during the last quarter. Nolet Wealth Management LLC acquired a new position in iShares GSCI Commodity Dynamic Roll Strategy ETF in the fourth quarter valued at approximately $325,000. Sunbelt Securities Inc. boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.9% in the fourth quarter. Sunbelt Securities Inc. now owns 146,459 shares of the company’s stock valued at $3,646,000 after acquiring an additional 4,183 shares during the period. Note Advisors LLC grew its holdings in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.4% during the fourth quarter. Note Advisors LLC now owns 77,232 shares of the company’s stock valued at $2,034,000 after purchasing an additional 4,615 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the fourth quarter valued at approximately $11,722,000. 1.80% of the stock is owned by institutional investors and hedge funds.

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.