Large Outflow of Money Witnessed in iShares Commodities Select Strategy ETF

iShares Commodities Select Strategy ETF (COMT) surged 0.35% during the last session. The last traded price was up 0.12 points at $34.88. The data for the fund flow suggests that the net intraday money flow was $(-2.35) million. The fund value in upticks was recorded to be $0.32 million and in downticks, it was found to be $2.67 million. The up/down ratio for the day was measured to be 0.12. For the week, the shares have seen a percentage change of -0.11%.A block trade of $(-2.53) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $2.53 million. The block tradeoff had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

iShares Commodities Select Strategy has dropped 0.11% in the last five trading days, however, the shares have posted positive gains of 2.3% in the last 4 weeks. iShares Commodities Select Strategy is up 8.23% in the last 3-month period. Year-to-Date the stock performance stands at 2.3%. iShares Commodities Select Strategy ETF (NASDAQ:COMT) rose 0.92% or 0.32 points on Wednesday and made its way into the gainers of the day. After trading began at $34.84 the stock was seen hitting $35.13 as a peak level and $34.73 as the lowest level. The stock ended up at $35.08. The daily volume was measured at 124,139 shares. The 52-week high of the share price is $35.36 and the 52-week low is $25.45. The company has a market cap of $14 million.

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