iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sees Large Volume Increase – Still a Buy?

Shares of iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) saw unusually-high trading volume on Monday . Approximately 75,400 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 76,725 shares.The stock last traded at $63.21 and had previously closed at $62.69.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

The company has a 50 day simple moving average of $59.05 and a 200 day simple moving average of $58.81.

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 CMDY. Noble Wealth Partners LLC acquired a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the second quarter valued at approximately $286,000. TD Waterhouse Canada Inc. grew its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 27.2% during the second quarter. TD Waterhouse Canada Inc. now owns 1,433,635 shares of the company’s stock worth $78,851,000 after buying an additional 306,155 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the second quarter worth $22,486,000. Bank of America Corp DE lifted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.8% in the 1st quarter. Bank of America Corp DE now owns 161,818 shares of the company’s stock valued at $9,615,000 after acquiring an additional 10,354 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock valued at $1,196,000 after acquiring an additional 564 shares in the last quarter.

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.