iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Short Interest Up 264.1% in July

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 48,687 shares, an increase of 264.1% from the July 15th total of 13,371 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 42,866 shares, the days-to-cover ratio is currently 1.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMDY. Kestra Advisory Services LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the third quarter worth $157,000. Manning & Napier Advisors LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth about $162,000. Advisors Preferred LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 1st quarter valued at about $163,000. Finally, Seaside Wealth Management Inc. grew its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 12.5% during the 4th quarter. Seaside Wealth Management Inc. now owns 4,813 shares of the company’s stock valued at $235,000 after purchasing an additional 535 shares during the last quarter.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Up 0.7%

CMDY stock opened at $60.59 on Friday. 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. The business’s 50 day moving average price is $57.85 and its two-hundred day moving average price is $58.00.

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.