iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 54,635 shares, a growth 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 trading volume, of 71,668 shares, the days-to-cover ratio is currently 0.8 days.
iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance
CMDY traded down $0.39 during trading on Friday, hitting $55.16. 13,056 shares of the company traded hands, compared to its average volume of 77,893. iShares Bloomberg Roll Select Commodity Strategy ETF has a one year low of $47.63 and a one year high of $63.76. The stock’s fifty day moving average is $60.01 and its 200 day moving average is $56.19.
Institutional Investors Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF
Several large investors have recently modified their holdings of CMDY. Kestra Advisory Services LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF during the fourth quarter valued at $49,000. Advisory Services Network LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the third quarter worth $157,000. Manning & Napier Advisors LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter valued at $162,000. Finally, Advisors Preferred LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the first quarter valued at $163,000.
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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