VanEck Commodity Strategy ETF (BATS:PIT – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 47,053 shares, a growth of 86.6% from the September 30th total of 25,211 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average trading volume of 56,225 shares, the days-to-cover ratio is presently 0.8 days.
VanEck Commodity Strategy ETF Price Performance
Shares of BATS:PIT opened at $81.15 on Tuesday. VanEck Commodity Strategy ETF has a fifty-two week low of $52.62 and a fifty-two week high of $87.08. The company’s 50-day moving average is $82.45 and its 200 day moving average is $72.50.
Hedge Funds Weigh In On VanEck Commodity Strategy ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in VanEck Commodity Strategy ETF in the third quarter worth $81,000. Apollon Wealth Management LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the first quarter valued at $387,000. Kestra Advisory Services LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the first quarter valued at $808,000. Tucker Asset Management LLC purchased a new position in shares of VanEck Commodity Strategy ETF during the 3rd quarter valued at $1,556,000. Finally, Ascentis Independent Advisors purchased a new position in shares of VanEck Commodity Strategy ETF during the 1st quarter valued at $1,964,000.
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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