iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Hits New 52-Week High – Here’s What Happened

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) shares hit a new 52-week high during trading on Friday. The stock traded as high as $39.14 and last traded at $39.0590, with a volume of 25,901 shares trading hands. The stock had previously closed at $38.33.

iShares GSCI Commodity Dynamic Roll Strategy ETF Trading Up 1.2%

The business has a 50-day moving average of $36.62 and a 200 day moving average of $34.39. The firm has a market capitalization of $1.44 billion, a P/E ratio of -18.87 and a beta of 0.11.

Institutional Investors Weigh In On iShares GSCI Commodity Dynamic Roll Strategy ETF

Hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF during the first quarter valued at approximately $103,000. Concurrent Investment Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $122,000. Unique Wealth LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $124,000. Corient Private Wealth LP bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $137,000. Finally, Highland Investment Advisors LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 2nd quarter worth $189,000. Institutional investors and hedge funds own 1.80% of the company’s stock.

iShares GSCI Commodity Dynamic Roll Strategy ETF Company Profile

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.