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

iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEARCA:CMDY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 168,244 shares, an increase of 605.8% from the August 31st total of 23,837 shares. Based on an average daily trading volume, of 105,255 shares, the short-interest ratio is presently 1.6 days. Approximately 1.5% of the shares of the stock are short sold.

iShares Bloomberg Roll Select Commodity Strategy ETF Price Performance

Shares of NYSEARCA:CMDY opened at $64.36 on Friday. The company’s fifty day moving average price is $62.10 and its 200-day moving average price is $60.14. iShares Bloomberg Roll Select Commodity Strategy ETF has a one year low of $47.63 and a one year high of $66.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMDY. Fiducient Advisors LLC purchased a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the fourth quarter valued at about $1,570,000. Little House Capital LLC bought a new stake in iShares Bloomberg Roll Select Commodity Strategy ETF during the first quarter worth about $1,026,000. Bank of America Corp DE boosted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.8% in the 1st quarter. Bank of America Corp DE now owns 161,818 shares of the company’s stock worth $9,615,000 after purchasing an additional 10,354 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of iShares Bloomberg Roll Select Commodity Strategy ETF by 6.9% in the 4th quarter. Principal Securities Inc. now owns 287,546 shares of the company’s stock worth $14,018,000 after purchasing an additional 18,640 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted 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 purchasing an additional 12,002 shares in the last quarter.

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.