VanEck Commodity Strategy ETF (BATS:PIT – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 25,211 shares, a decline of 65.1% from the September 15th total of 72,210 shares. Based on an average daily volume of 85,362 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.6% of the company’s stock are sold short.
VanEck Commodity Strategy ETF Price Performance
Shares of VanEck Commodity Strategy ETF stock opened at $84.86 on Wednesday. VanEck Commodity Strategy ETF has a 12 month low of $52.62 and a 12 month high of $84.98. The business has a fifty day simple moving average of $80.17 and a two-hundred day simple moving average of $74.90.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Compass Financial Management LLC bought a new position in VanEck Commodity Strategy ETF during the 2nd quarter valued at approximately $119,000. Kestra Advisory Services LLC purchased a new position in shares of VanEck Commodity Strategy ETF in the first quarter worth $808,000. Ascentis Independent Advisors purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter valued at $1,964,000. Finally, Apollon Wealth Management LLC bought a new stake in VanEck Commodity Strategy ETF in the 1st quarter worth about $387,000.
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.
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