(CMDY) Bloomberg Roll Select Broad - NYSE
ETF Category: Commodities Broad Basket | Exchange: NYSE (USA) | Market Cap: 548m USD | Total Return: 23.4% in 12m
Avg Turnover: 3.93M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
The iShares Bloomberg Roll Select Broad Commodity ETF (CMDY) tracks an index measuring the performance of 24 futures contracts spanning 22 physical commodities across agricultural, energy, precious metals, and industrial metals. The fund primarily invests in exchange-traded futures contracts on the underlying index, with the adviser continuously rolling out of existing positions and establishing new ones. As a roll select strategy, the index is designed to optimize futures contract selection by avoiding front-month contracts that typically exhibit negative roll yield (contango), a common issue in broad commodity futures investing. The fund is structured as non-diversified and provides exposure to the commodities asset class without holding physical commodities, instead using futures-based access to the spot price movements of its underlying basket.
- USD weakness boosts broad commodity index performance
- China demand outlook drives industrial metals prices higher
- Roll select strategy reduces contango drag versus standard futures
As of June 29, 2026, the stock is trading at USD 55.06 with a total of 48,802 shares traded. Over the past week, the price has changed by -3.17%, over one month by -9.32%, over three months by -7.71% and over the past year by +23.38%.
Current recommended Stop Loss: 53.60 (which is 2.7% or 1.9 ATR below the current price).
Bloomberg Roll Select Broad has no consensus analysts rating.