iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Short Interest Update

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 28,213 shares, a drop of 58.8% from the April 15th total of 68,438 shares. Based on an average daily trading volume, of 65,733 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Down 0.8%

Shares of CMDY opened at $62.29 on Friday. iShares Bloomberg Roll Select Commodity Strategy ETF has a 1-year low of $47.63 and a 1-year high of $63.76. The company has a 50-day moving average of $59.71 and a 200 day moving average of $55.19.

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

Several hedge funds have recently modified their holdings of CMDY. Envestnet Asset Management Inc. boosted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 16.0% during the third quarter. Envestnet Asset Management Inc. now owns 405,624 shares of the company’s stock valued at $21,336,000 after purchasing an additional 55,861 shares in the last quarter. SteelPeak Wealth LLC bought a new position in iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter worth approximately $683,000. Horizons Wealth Management lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 30.4% during the fourth quarter. Horizons Wealth Management now owns 93,309 shares of the company’s stock worth $4,549,000 after buying an additional 21,727 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 8.1% during the third quarter. TD Waterhouse Canada Inc. now owns 289,540 shares of the company’s stock worth $15,313,000 after buying an additional 21,797 shares during the period. Finally, Brighton Jones LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at $340,000.

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.