Short Interest in iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) Grows By 1,180.7%

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 54,635 shares, an increase of 1,180.7% from the May 31st total of 4,266 shares. Based on an average daily trading volume, of 71,668 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the company’s shares are short sold.

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

Several large investors have recently added to or reduced their stakes in CMDY. Silver Oak Securities Incorporated grew its position in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 0.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 22,180 shares of the company’s stock worth $1,318,000 after buying an additional 206 shares during the period. Pullen Investment Management LLC boosted its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 2.7% during the first quarter. Pullen Investment Management LLC now owns 9,114 shares of the company’s stock worth $542,000 after acquiring an additional 237 shares in the last quarter. Focus Partners Wealth grew its holdings in iShares Bloomberg Roll Select Commodity Strategy ETF by 4.2% in the third quarter. Focus Partners Wealth now owns 7,732 shares of the company’s stock worth $407,000 after purchasing an additional 315 shares during the period. Valmark Advisers Inc. increased its stake in iShares Bloomberg Roll Select Commodity Strategy ETF by 5.8% in the first quarter. Valmark Advisers Inc. now owns 6,605 shares of the company’s stock valued at $392,000 after purchasing an additional 360 shares in the last quarter. Finally, Faithward Advisors LLC raised its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 8.1% during the fourth quarter. Faithward Advisors LLC now owns 5,961 shares of the company’s stock valued at $291,000 after purchasing an additional 447 shares during the period.

iShares Bloomberg Roll Select Commodity Strategy ETF Stock Performance

CMDY traded up $0.93 during trading on Thursday, reaching $55.55. 142,257 shares of the stock traded hands, compared to its average volume of 78,459. The stock’s 50-day moving average is $60.01 and its 200 day moving average is $56.19. iShares Bloomberg Roll Select Commodity Strategy ETF has a 12 month low of $47.63 and a 12 month high of $63.76.

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.