PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) Sees Significant Decrease in Short Interest

PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 13,256 shares, a decline of 70.0% from the August 31st total of 44,207 shares. Based on an average daily trading volume, of 86,856 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On PIMCO Commodity Strategy Active ETF

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of PIMCO Commodity Strategy Active ETF by 23.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,987 shares of the company’s stock valued at $460,000 after purchasing an additional 2,870 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in PIMCO Commodity Strategy Active ETF during the second quarter valued at approximately $51,000. Stonebridge Financial Group LLC bought a new position in PIMCO Commodity Strategy Active ETF during the second quarter valued at approximately $1,119,000. Dahring Cusmano LLC purchased a new position in shares of PIMCO Commodity Strategy Active ETF during the first quarter worth approximately $414,000. Finally, Fifth Third Bancorp purchased a new position in shares of PIMCO Commodity Strategy Active ETF during the first quarter worth approximately $72,000.

PIMCO Commodity Strategy Active ETF Stock Performance

Shares of PIMCO Commodity Strategy Active ETF stock traded down $0.37 on Friday, hitting $35.31. 116,854 shares of the company traded hands, compared to its average volume of 114,129. PIMCO Commodity Strategy Active ETF has a 12-month low of $26.98 and a 12-month high of $36.86. The firm’s 50-day simple moving average is $33.99 and its 200 day simple moving average is $33.07.

PIMCO Commodity Strategy Active ETF Company Profile

The PIMCO Commodity Strategy Active ETF (CMDT) seeks total return which exceeds that of its benchmark, consistent with prudent investment management.