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

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 17,624 shares, a decline of 59.8% from the September 30th total of 43,827 shares. Based on an average daily volume of 151,391 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Up 0.2%

CMDY stock opened at $63.76 on Thursday. The company has a 50-day simple moving average of $64.08 and a 200 day simple moving average of $59.23. iShares Bloomberg Roll Select Commodity Strategy ETF has a fifty-two week low of $47.63 and a fifty-two week high of $66.16.

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

Several large investors have recently bought and sold shares of the stock. Fifth Third Securities Inc. bought a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter worth about $569,000. Vontobel Holding Ltd. acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 3rd quarter worth approximately $13,344,000. TD Waterhouse Canada Inc. lifted its stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 14.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,646,477 shares of the company’s stock worth $98,248,000 after acquiring an additional 212,842 shares during the period. Horizons Wealth Management acquired a new stake in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 3rd quarter worth approximately $5,722,000. Finally, Noble Wealth Partners LLC bought a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the second quarter valued at approximately $286,000.

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.