VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Update

VanEck Commodity Strategy ETF (BATS:PIT) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,366 shares, a drop of 83.7% from the May 14th total of 14,491 shares. Based on an average daily trading volume, of 64,781 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the company are short sold.

VanEck Commodity Strategy ETF Stock Up 0.1%

BATS:PIT opened at $71.19 on Thursday. The business’s 50 day moving average is $73.86 and its two-hundred day moving average is $64.59. VanEck Commodity Strategy ETF has a 52 week low of $50.49 and a 52 week high of $78.42.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PIT. Van ECK Associates Corp raised its position in shares of VanEck Commodity Strategy ETF by 43.9% during the 4th quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock worth $47,534,000 after purchasing an additional 274,794 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of VanEck Commodity Strategy ETF during the 4th quarter worth approximately $6,103,000. Ascentis Independent Advisors acquired a new stake in shares of VanEck Commodity Strategy ETF during the 1st quarter worth approximately $1,964,000. Saxony Capital Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF during the 4th quarter worth approximately $729,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of VanEck Commodity Strategy ETF during the 1st quarter worth approximately $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.