Short Interest in iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Drops By 58.8%

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 28,213 shares, a decrease of 58.8% from the April 15th total of 68,438 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 65,733 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 16.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,624 shares of the company’s stock worth $21,336,000 after buying an additional 55,861 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth approximately $683,000. Horizons Wealth Management lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 30.4% during the 4th quarter. Horizons Wealth Management now owns 93,309 shares of the company’s stock worth $4,549,000 after buying an additional 21,727 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 8.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 289,540 shares of the company’s stock worth $15,313,000 after buying an additional 21,797 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth approximately $340,000.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

iShares Bloomberg Roll Select Commodity Strategy ETF stock traded down $0.49 during mid-day trading on Friday, reaching $62.29. 101,623 shares of the company’s stock were exchanged, compared to its average volume of 76,580. iShares Bloomberg Roll Select Commodity Strategy ETF has a twelve month low of $47.63 and a twelve month high of $63.76. The company has a fifty day moving average of $59.71 and a 200-day moving average of $55.19.

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.