iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Short Interest Down 87.2% in May

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 4,266 shares, a decline of 87.2% from the May 14th total of 33,217 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,195 shares, the days-to-cover ratio is currently 0.0 days.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

CMDY stock traded down $0.26 during trading on Thursday, hitting $58.26. The company had a trading volume of 79,024 shares, compared to its average volume of 78,043. The company has a fifty day moving average price of $60.58 and a two-hundred day moving average price of $56.07. iShares Bloomberg Roll Select Commodity Strategy ETF has a fifty-two week low of $47.63 and a fifty-two week high of $63.76.

Hedge Funds Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth approximately $340,000. Raymond James Financial Inc. raised its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 4.2% in the 2nd quarter. Raymond James Financial Inc. now owns 25,392 shares of the company’s stock worth $1,281,000 after purchasing an additional 1,029 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 12.1% during the second quarter. Ameriprise Financial Inc. now owns 353,088 shares of the company’s stock worth $17,809,000 after buying an additional 38,157 shares during the last quarter. Bank of America Corp DE raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 37.3% during the second quarter. Bank of America Corp DE now owns 84,758 shares of the company’s stock worth $4,275,000 after buying an additional 23,006 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 11.7% during the second quarter. Osaic Holdings Inc. now owns 21,464 shares of the company’s stock worth $1,082,000 after buying an additional 2,241 shares during 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.