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

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 23,837 shares, a decline of 64.9% from the August 15th total of 67,914 shares. Based on an average trading volume of 58,476 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Down 0.3%

NYSEARCA CMDY traded down $0.17 during trading hours on Monday, hitting $65.12. 120,013 shares of the stock were exchanged, compared to its average volume of 78,815. iShares Bloomberg Roll Select Commodity Strategy ETF has a 12-month low of $47.63 and a 12-month high of $66.16. The stock has a 50-day moving average of $60.59 and a 200 day moving average of $59.48.

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 business. Fiducient Advisors LLC acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at approximately $1,570,000. Little House Capital LLC acquired a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the first quarter worth $1,026,000. Bank of America Corp DE grew its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 6.8% during the first quarter. Bank of America Corp DE now owns 161,818 shares of the company’s stock worth $9,615,000 after acquiring an additional 10,354 shares during the period. Principal Securities Inc. raised its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 6.9% in the fourth quarter. Principal Securities Inc. now owns 287,546 shares of the company’s stock worth $14,018,000 after acquiring an additional 18,640 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 85.7% in the first quarter. SteelPeak Wealth LLC now owns 26,007 shares of the company’s stock worth $1,545,000 after acquiring an additional 12,002 shares in the last quarter.

About iShares Bloomberg Roll Select Commodity Strategy ETF

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.