iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Short Interest Down 49.9% in January

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 64,350 shares, a drop of 49.9% from the December 31st total of 128,458 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 39,523 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 39,523 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.0% of the shares of the company are sold short.

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

A number of institutional investors have recently modified their holdings of CMDY. CWM LLC grew its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 682.3% during the 3rd quarter. CWM LLC now owns 485 shares of the company’s stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter valued at approximately $49,000. Advisory Services Network LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the third quarter valued at approximately $157,000. Seaside Wealth Management Inc. purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 3rd quarter valued at $225,000. Finally, Valmark Advisers Inc. increased its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 10.4% during the second quarter. Valmark Advisers Inc. now owns 4,784 shares of the company’s stock worth $241,000 after purchasing an additional 450 shares during the period.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

Shares of CMDY traded down $1.82 during trading hours on Friday, hitting $53.93. The stock had a trading volume of 105,211 shares, compared to its average volume of 64,641. The firm has a 50-day moving average price of $51.97 and a 200 day moving average price of $52.13. iShares Bloomberg Roll Select Commodity Strategy ETF has a fifty-two week low of $46.92 and a fifty-two week high of $57.17.

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.