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

VanEck Commodity Strategy ETF (BATS:PITGet Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 7,635 shares, a decrease of 93.4% from the July 15th total of 115,858 shares. Based on an average daily volume of 20,007 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.1% of the company’s shares are short sold.

Hedge Funds Weigh In On VanEck Commodity Strategy ETF

Several institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the first quarter valued at about $808,000. Ascentis Independent Advisors purchased a new position in VanEck Commodity Strategy ETF during the 1st quarter valued at about $1,964,000. Apollon Wealth Management LLC purchased a new position in VanEck Commodity Strategy ETF during the 1st quarter valued at about $387,000. Van ECK Associates Corp raised its holdings in shares of VanEck Commodity Strategy ETF by 43.9% in the 4th quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock valued at $47,534,000 after purchasing an additional 274,794 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the 4th quarter valued at about $6,103,000.

VanEck Commodity Strategy ETF Trading Up 0.5%

PIT traded up $0.38 during trading on Tuesday, hitting $76.14. 12,978 shares of the stock were exchanged, compared to its average volume of 36,029. The firm has a 50 day simple moving average of $70.43 and a 200 day simple moving average of $69.01. VanEck Commodity Strategy ETF has a 1 year low of $50.84 and a 1 year high of $78.42.

About VanEck Commodity Strategy ETF

(Get Free Report)

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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