VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Update

VanEck Commodity Strategy ETF (BATS:PIT) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 115,858 shares, an increase of 4,267.1% from the June 30th total of 2,653 shares. Based on an average trading volume of 61,565 shares, the short-interest ratio is currently 1.9 days. Currently, 16.6% of the shares of the company are sold short.

VanEck Commodity Strategy ETF Stock Performance

PIT stock traded down $0.85 during midday trading on Friday, reaching $74.67. The stock had a trading volume of 7,675 shares, compared to its average volume of 38,081. The firm has a fifty day simple moving average of $70.88 and a two-hundred day simple moving average of $67.50. VanEck Commodity Strategy ETF has a 52-week low of $50.84 and a 52-week high of $78.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PIT. Tucker Asset Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF during the fourth quarter worth about $104,000. Apollon Wealth Management LLC acquired a new position in VanEck Commodity Strategy ETF in the 1st quarter worth approximately $387,000. Breakwater Investment Management raised its position in VanEck Commodity Strategy ETF by 6.2% during the 4th quarter. Breakwater Investment Management now owns 12,220 shares of the company’s stock worth $645,000 after buying an additional 711 shares during the last quarter. Saxony Capital Management LLC purchased a new position in VanEck Commodity Strategy ETF during the 4th quarter worth approximately $729,000. Finally, Kestra Advisory Services LLC acquired a new stake in VanEck Commodity Strategy ETF during the 1st quarter valued at approximately $808,000.

VanEck Commodity Strategy ETF Company Profile

The VanEck Commodity Strategy ETF (PIT) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns. PIT was launched on Dec 20, 2022 and is managed by VanEck.