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 May 6, 2024, COMB stock price climbed to $20.57 with 11,574 million shares trading.

COMB has a beta of 0.14, meaning it tends to be less sensitive to market movements. COMB has a correlation of 0.02 to the broad based SPY ETF.

COMB has a market cap of $93.62 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 has underperformed the market in the last year with a price return of +5.1% while the SPY ETF gained +26.8%. However, in the short term, COMB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.4% vs +4.9% return in SPY. But in the last 2 weeks, COMB shares have been beat by the market, returning +0.1% compared to an SPY return of +3.4%.

COMB support price is $20.19 and resistance is $20.49 (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.