iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Down 4.9% – Here’s What Happened

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT)’s share price dropped 4.9% during mid-day trading on Monday . The stock traded as low as $32.03 and last traded at $32.08. Approximately 71,164 shares were traded during trading, a decline of 82% from the average daily volume of 392,510 shares. The stock had previously closed at $33.73.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 2.0%

The business has a 50-day moving average of $28.57 and a 200 day moving average of $27.16. The firm has a market capitalization of $822.02 million, a PE ratio of -15.76 and a beta of 0.23.

Institutional Trading of iShares GSCI Commodity Dynamic Roll Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 108.0% during the fourth quarter. Hsbc Holdings PLC now owns 51,312 shares of the company’s stock worth $1,277,000 after purchasing an additional 26,639 shares during the last quarter. Nolet Wealth Management LLC purchased a new stake in iShares GSCI Commodity Dynamic Roll Strategy ETF in the 4th quarter valued at about $325,000. Sunbelt Securities Inc. lifted its position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 2.9% during the 4th quarter. Sunbelt Securities Inc. now owns 146,459 shares of the company’s stock worth $3,646,000 after buying an additional 4,183 shares in the last quarter. Note Advisors LLC boosted its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 6.4% in the 4th quarter. Note Advisors LLC now owns 77,232 shares of the company’s stock worth $2,034,000 after buying 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 in the fourth quarter valued at approximately $11,722,000. 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.