VanEck Commodity Strategy ETF (BATS:PIT – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 115,858 shares, an increase of 4,267.1% from the June 30th total of 2,653 shares. Based on an average daily volume of 61,565 shares, the short-interest ratio is presently 1.9 days. Currently, 16.6% of the shares of the company are sold short.
Hedge Funds Weigh In On VanEck Commodity Strategy ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of VanEck Commodity Strategy ETF in the first quarter worth about $808,000. Ascentis Independent Advisors purchased a new position in VanEck Commodity Strategy ETF during the first quarter valued at approximately $1,964,000. Apollon Wealth Management LLC purchased a new position in VanEck Commodity Strategy ETF during the first quarter valued at approximately $387,000. Van ECK Associates Corp lifted its holdings in VanEck Commodity Strategy ETF by 43.9% in the fourth quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock valued at $47,534,000 after acquiring an additional 274,794 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in VanEck Commodity Strategy ETF in the fourth quarter valued at approximately $6,103,000.
VanEck Commodity Strategy ETF Price Performance
BATS:PIT traded down $0.85 during mid-day trading on Friday, hitting $74.67. The company’s stock had a trading volume of 7,675 shares, compared to its average volume of 38,081. VanEck Commodity Strategy ETF has a 1 year low of $50.84 and a 1 year high of $78.42. The business’s fifty day moving average is $70.88 and its two-hundred day moving average is $67.50.
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.
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