iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sees Large Volume Increase – Here’s What Happened

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) saw strong trading volume on Monday . 872,265 shares traded hands during mid-day trading, an increase of 1,108% from the previous session’s volume of 72,181 shares.The stock last traded at $59.96 and had previously closed at $59.02.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

The firm’s 50-day simple moving average is $57.84 and its 200-day simple moving average is $57.87.

Institutional Trading of iShares Bloomberg Roll Select Commodity Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the fourth quarter valued at $49,000. Advisory Services Network LLC purchased a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the third quarter valued at $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 about $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 about $163,000.

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.