COMB Stock Summary and Trading Ideas (Graniteshares Bloomberg Commodity Broad Strategy No K-1 ETF | ARCA:COMB)

The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to provide long-term capital appreciation, primarily through exposure to commodity futures markets. The Fund s investment strategy is based in part on the Bloomberg Commodity Index (the BCOM Benchmark ), which is designed to be a highly liquid and broad benchmark for commodities futures investments.

Graniteshares Bloomberg Commodity Broad Strategy No K-1 ETF trades on the ARCA stock market under the symbol COMB.

As of April 26, 2024, COMB stock price declined to $20.60 with 5,902 million shares trading.

COMB has a beta of 0.18, meaning it tends to be less sensitive to market movements. COMB has a correlation of 0.04 to the broad based SPY ETF.

COMB has a market cap of $92.72 million. This is considered a Micro Cap stock.

In the last 3 years, COMB stock traded as high as $35.66 and as low as $18.86.

COMB stock has underperformed the market in the last year with a return of +3.3%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in COMB shares. However, COMB has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and +0.5%, while SPY returned +4.5% and -1.9%, respectively. This indicates COMB has been having a stronger performance recently.

COMB support price is $20.44 and resistance is $20.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COMB stock will trade within this expected range on the day.