iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Shares Gap Down – Here’s Why

Shares of iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) gapped down before the market opened on Tuesday . The stock had previously closed at $26.50, but opened at $24.40. iShares GSCI Commodity Dynamic Roll Strategy ETF shares last traded at $24.2850, with a volume of 39,888 shares.

iShares GSCI Commodity Dynamic Roll Strategy ETF Price Performance

The firm’s 50-day simple moving average is $26.79 and its two-hundred day simple moving average is $26.54. The company has a market capitalization of $575.79 million, a price-to-earnings ratio of -11.74 and a beta of 0.23.

iShares GSCI Commodity Dynamic Roll Strategy ETF Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $1.9271 per share. This represents a dividend yield of 792.0%. The ex-dividend date of this dividend is Tuesday, December 16th. iShares GSCI Commodity Dynamic Roll Strategy ETF’s payout ratio is -59.90%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the second quarter valued at $30,000. Focus Partners Wealth boosted its stake in iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.3% in the 1st quarter. Focus Partners Wealth now owns 274,387 shares of the company’s stock worth $7,263,000 after buying an additional 3,415 shares during the last quarter. AE Wealth Management LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 17.5% in the 2nd quarter. AE Wealth Management LLC now owns 12,936 shares of the company’s stock valued at $334,000 after buying an additional 1,925 shares during the period. Pettinga Financial Advisors LLC grew its holdings in iShares GSCI Commodity Dynamic Roll Strategy ETF by 8.3% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 60,388 shares of the company’s stock valued at $1,561,000 after buying an additional 4,634 shares during the period. Finally, Quadrature Capital Ltd increased its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 200.9% during the 2nd quarter. Quadrature Capital Ltd now owns 234,889 shares of the company’s stock valued at $6,072,000 after acquiring an additional 156,836 shares during the last quarter. 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.