Short Interest in VanEck Commodity Strategy ETF (BATS:PIT) Declines By 83.7%

VanEck Commodity Strategy ETF (BATS:PITGet Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,366 shares, a drop of 83.7% from the May 14th total of 14,491 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 64,781 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of VanEck Commodity Strategy ETF

Institutional investors have recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new position in VanEck Commodity Strategy ETF during the fourth quarter worth $104,000. Apollon Wealth Management LLC acquired a new position in VanEck Commodity Strategy ETF during the first quarter worth $387,000. Breakwater Investment Management boosted its stake in VanEck Commodity Strategy ETF by 6.2% during the fourth 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 acquired a new position in VanEck Commodity Strategy ETF during the fourth quarter worth $729,000. Finally, Kestra Advisory Services LLC acquired a new position in VanEck Commodity Strategy ETF during the first quarter worth $808,000.

VanEck Commodity Strategy ETF Stock Performance

PIT traded down $0.79 during midday trading on Friday, hitting $69.88. 10,456 shares of the company traded hands, compared to its average volume of 30,863. VanEck Commodity Strategy ETF has a 52-week low of $50.49 and a 52-week high of $78.42. The business has a 50 day simple moving average of $73.83 and a two-hundred day simple moving average of $64.69.

About VanEck Commodity Strategy ETF

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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.

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