VanEck Commodity Strategy ETF (BATS:PIT) Sees Large Growth in Short Interest

VanEck Commodity Strategy ETF (BATS:PIT) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 77,392 shares, an increase of 913.6% from the July 30th total of 7,635 shares. Approximately 11.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,214 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On VanEck Commodity Strategy ETF

Large investors have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new position in shares of VanEck Commodity Strategy ETF in the 2nd quarter worth approximately $119,000. Kestra Advisory Services LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the 1st quarter worth approximately $808,000. Ascentis Independent Advisors acquired a new stake in VanEck Commodity Strategy ETF during the first quarter valued at approximately $1,964,000. Apollon Wealth Management LLC acquired a new stake in VanEck Commodity Strategy ETF during the first quarter valued at approximately $387,000. Finally, Van ECK Associates Corp boosted its holdings in VanEck Commodity Strategy ETF by 43.9% during the fourth quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock worth $47,534,000 after buying an additional 274,794 shares in the last quarter.

VanEck Commodity Strategy ETF Price Performance

BATS:PIT traded down $1.22 during midday trading on Tuesday, hitting $76.86. 25,791 shares of the stock were exchanged, compared to its average volume of 37,897. VanEck Commodity Strategy ETF has a one year low of $52.26 and a one year high of $79.40. The business has a 50-day moving average price of $71.50 and a two-hundred day moving average price of $70.29.

About VanEck Commodity Strategy ETF

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.