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

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 48,687 shares, a growth of 264.1% from the July 15th total of 13,371 shares. Based on an average daily volume of 42,866 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the company’s shares are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Up 0.7%

NYSEARCA:CMDY traded up $0.43 during midday trading on Friday, reaching $60.59. 49,109 shares of the stock traded hands, compared to its average volume of 78,884. The company has a fifty day moving average of $57.82 and a 200 day moving average of $57.98. iShares Bloomberg Roll Select Commodity Strategy ETF has a 12 month low of $47.63 and a 12 month high of $63.76.

Hedge Funds Weigh In On iShares Bloomberg Roll Select Commodity Strategy ETF

A number of hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the second quarter worth about $22,486,000. Osaic Holdings Inc. increased its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 121.4% during the 4th quarter. Osaic Holdings Inc. now owns 160,976 shares of the company’s stock valued at $7,848,000 after purchasing an additional 88,265 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 12.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 353,088 shares of the company’s stock valued at $17,809,000 after purchasing an additional 38,157 shares during the period. Disciplina Capital Management LLC raised its position in iShares Bloomberg Roll Select Commodity Strategy ETF by 21.6% during the 4th quarter. Disciplina Capital Management LLC now owns 194,906 shares of the company’s stock valued at $9,502,000 after purchasing an additional 34,556 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 39.7% in the 3rd quarter. Bank of America Corp DE now owns 118,388 shares of the company’s stock worth $6,227,000 after buying an additional 33,630 shares during the period.

About iShares Bloomberg Roll Select Commodity Strategy ETF

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.