iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 54,635 shares, an increase of 1,180.7% from the May 31st total of 4,266 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 71,668 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter valued at $49,000. Advisors Preferred LLC purchased a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the first quarter valued at $163,000. Advisory Services Network LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter valued at $157,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at $162,000.
iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance
NYSEARCA:CMDY traded down $0.49 on Friday, reaching $55.06. 49,085 shares of the company’s stock were exchanged, compared to its average volume of 78,221. The stock has a fifty day simple moving average of $59.93 and a 200-day simple moving average of $56.18. iShares Bloomberg Roll Select Commodity Strategy ETF has a 52 week low of $47.63 and a 52 week high of $63.76.
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.
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