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 decrease in short interest in May. As of May 29th, there was short interest totaling 4,266 shares, a decrease of 87.2% from the May 14th total of 33,217 shares. Based on an average daily volume of 104,195 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Trading Down 0.1%

iShares Bloomberg Roll Select Commodity Strategy ETF stock traded down $0.07 during mid-day trading on Wednesday, reaching $58.52. 142,664 shares of the company traded hands, compared to its average volume of 78,034. iShares Bloomberg Roll Select Commodity Strategy ETF has a fifty-two week low of $47.63 and a fifty-two week high of $63.76. The firm’s fifty day moving average is $60.62 and its two-hundred day moving average is $56.00.

Institutional Trading of iShares Bloomberg Roll Select Commodity Strategy ETF

Several large investors have recently added to or reduced their stakes in CMDY. Kestra Advisory Services LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at about $49,000. Advisory Services Network LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 3rd quarter valued at about $157,000. Manning & Napier Advisors LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 4th quarter valued at about $162,000. Finally, Advisors Preferred LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the 1st quarter valued at about $163,000.

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.