iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Short Interest Up 1,180.7% in June

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 54,635 shares, an increase of 1,180.7% from the May 31st total of 4,266 shares. Based on an average daily trading volume, of 71,668 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Up 1.7%

iShares Bloomberg Roll Select Commodity Strategy ETF stock traded up $0.93 during mid-day trading on Thursday, reaching $55.55. The stock had a trading volume of 142,257 shares, compared to its average volume of 78,459. 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 stock’s 50-day simple moving average is $60.01 and its 200-day simple moving average is $56.19.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CMDY. Kestra Advisory Services LLC acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth approximately $49,000. Advisory Services Network LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter worth approximately $157,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter worth approximately $162,000. Finally, Advisors Preferred LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the first quarter worth approximately $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.