iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Sees Large Drop in Short Interest

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 4,266 shares, a drop of 87.2% from the May 14th total of 33,217 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 104,195 shares, the short-interest ratio is currently 0.0 days.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

Shares of NYSEARCA CMDY traded down $0.07 during trading on Wednesday, reaching $58.52. 142,664 shares of the company traded hands, compared to its average volume of 78,034. The firm’s fifty day simple moving average is $60.62 and its 200 day simple moving average is $56.00. 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 institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 16.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 405,624 shares of the company’s stock valued at $21,336,000 after buying an additional 55,861 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 382,671 shares of the company’s stock valued at $20,131,000 after acquiring an additional 29,583 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 8.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 315,113 shares of the company’s stock valued at $15,337,000 after acquiring an additional 25,573 shares during the period. Principal Securities Inc. grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.9% during the 4th quarter. Principal Securities Inc. now owns 287,546 shares of the company’s stock valued at $14,018,000 after acquiring an additional 18,640 shares during the period. Finally, Disciplina Capital Management LLC grew its position in shares of 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 acquiring an additional 34,556 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.