Short Interest in iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Drops By 58.8%

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 28,213 shares, a decrease of 58.8% from the April 15th total of 68,438 shares. Based on an average trading volume of 65,733 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

Shares of CMDY stock traded down $0.49 during trading hours on Friday, hitting $62.29. The company had a trading volume of 101,623 shares, compared to its average volume of 76,580. The company’s fifty day moving average is $59.71 and its 200 day moving average is $55.19. 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.

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

Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 20,127 shares of the company’s stock worth $1,196,000 after acquiring an additional 564 shares during the last quarter. Little House Capital LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 1st quarter worth approximately $1,026,000. SteelPeak Wealth LLC lifted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 85.7% in the 1st quarter. SteelPeak Wealth LLC now owns 26,007 shares of the company’s stock worth $1,545,000 after acquiring an additional 12,002 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF in the 1st quarter worth approximately $163,000. Finally, Valmark Advisers Inc. lifted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 5.8% in the 1st quarter. Valmark Advisers Inc. now owns 6,605 shares of the company’s stock worth $392,000 after acquiring an additional 360 shares during 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.