Short Interest in iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Expands By 264.1%

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

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

iShares Bloomberg Roll Select Commodity Strategy ETF stock opened at $60.74 on Thursday. iShares Bloomberg Roll Select Commodity Strategy ETF has a 52-week low of $47.63 and a 52-week high of $63.76. The stock’s 50 day moving average price is $57.83 and its two-hundred day moving average price is $57.93.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the third quarter valued at approximately $157,000. Manning & Napier Advisors LLC acquired a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF in the fourth quarter valued at approximately $162,000. Advisors Preferred LLC bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the first quarter valued at approximately $163,000. Finally, Seaside Wealth Management Inc. increased its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 12.5% during the fourth quarter. Seaside Wealth Management Inc. now owns 4,813 shares of the company’s stock valued at $235,000 after acquiring an additional 535 shares in the last quarter.

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.