VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Down 68.5% in June

VanEck Commodity Strategy ETF (BATS:PIT) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,653 shares, a decline of 68.5% from the June 15th total of 8,425 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 61,891 shares, the short-interest ratio is currently 0.0 days.

VanEck Commodity Strategy ETF Stock Up 3.0%

BATS:PIT opened at $70.42 on Tuesday. The firm’s fifty day moving average is $71.41 and its two-hundred day moving average is $66.39. VanEck Commodity Strategy ETF has a one year low of $50.84 and a one year high of $78.42.

Institutional Trading of VanEck Commodity Strategy ETF

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