iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sees Large Decline in Short Interest

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,302 shares, a decline of 83.0% from the June 15th total of 54,635 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 75,005 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in iShares Bloomberg Roll Select Commodity Strategy ETF in the 2nd quarter valued at approximately $22,486,000. Osaic Holdings Inc. raised its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 121.4% during the fourth quarter. Osaic Holdings Inc. now owns 160,976 shares of the company’s stock valued at $7,848,000 after purchasing an additional 88,265 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 12.1% in the second quarter. Ameriprise Financial Inc. now owns 353,088 shares of the company’s stock worth $17,809,000 after acquiring an additional 38,157 shares in the last quarter. Disciplina Capital Management LLC raised its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 21.6% during the fourth quarter. Disciplina Capital Management LLC now owns 194,906 shares of the company’s stock worth $9,502,000 after buying an additional 34,556 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 39.7% in the 3rd quarter. Bank of America Corp DE now owns 118,388 shares of the company’s stock valued at $6,227,000 after acquiring an additional 33,630 shares in the last quarter.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

Shares of NYSEARCA CMDY traded up $0.81 during trading hours on Monday, reaching $57.74. 28,701 shares of the stock were exchanged, compared to its average volume of 77,362. The stock’s fifty day simple moving average is $59.10 and its 200 day simple moving average is $56.49. iShares Bloomberg Roll Select Commodity Strategy ETF has a 52 week low of $47.63 and a 52 week high of $63.76.

iShares Bloomberg Roll Select Commodity Strategy ETF Company Profile

The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) is an exchange-traded fund that is based on the Bloomberg Roll Select Commodity index. The fund tracks an index that holds futures contracts on a roll-cost optimized broad market commodity index. CMDY was launched on Apr 3, 2018 and is managed by Blackrock.