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 December 13, 2024, COMB stock price declined to $20.35 with 8,447 million shares trading.

COMB has a beta of 0.33, meaning it tends to be less sensitive to market movements. COMB has a correlation of 0.11 to the broad based SPY ETF.

COMB has a market cap of $82.42 million. This is considered a Micro Cap stock.

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

COMB has underperformed the market in the last year with a return of +14.0%, while the SPY ETF gained +31.7%. In the last 3 month period, COMB fell short of the market, returning +4.0%, while SPY returned +8.4%. However, in the most recent 2 weeks COMB has outperformed the stock market by returning +0.9%, while SPY returned +0.9%.

COMB support price is $20.32 and resistance is $20.62 (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 shares will trade within this expected range on the day.