iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sees Unusually-High Trading Volume – Here’s Why

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) shares saw unusually-strong trading volume on Thursday. Approximately 153,149 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 80,781 shares. The stock last traded at $63.5450 and had previously closed at $63.62.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Up 0.2%

The company has a 50-day moving average price of $62.35 and a 200-day moving average price of $60.27.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Noble Wealth Partners LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the second quarter valued at approximately $286,000. TD Waterhouse Canada Inc. boosted its position 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 purchasing an additional 306,155 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 2nd quarter valued at $22,486,000. Bank of America Corp DE grew its holdings 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 buying an additional 10,354 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock valued at $1,196,000 after buying an additional 564 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.