PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) Sees Large Increase in Short Interest

PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 39,773 shares, an increase of 147.3% from the September 30th total of 16,086 shares. Based on an average daily trading volume, of 79,673 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

PIMCO Commodity Strategy Active ETF Price Performance

Shares of CMDT stock traded down $0.16 on Friday, hitting $31.78. 4,981 shares of the company’s stock traded hands, compared to its average volume of 110,485. The company’s fifty day simple moving average is $33.75 and its 200 day simple moving average is $32.25. PIMCO Commodity Strategy Active ETF has a one year low of $26.98 and a one year high of $36.86.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Apollon Wealth Management LLC raised its stake in shares of PIMCO Commodity Strategy Active ETF by 13.2% in the third quarter. Apollon Wealth Management LLC now owns 2,638,821 shares of the company’s stock worth $91,462,000 after purchasing an additional 308,496 shares during the last quarter. Krilogy Financial LLC lifted its position in PIMCO Commodity Strategy Active ETF by 123.2% during the third quarter. Krilogy Financial LLC now owns 67,849 shares of the company’s stock valued at $2,197,000 after purchasing an additional 37,450 shares during the period. Farther Finance Advisors LLC increased its position in PIMCO Commodity Strategy Active ETF by 60.6% during the third quarter. Farther Finance Advisors LLC now owns 13,948 shares of the company’s stock valued at $483,000 after acquiring an additional 5,262 shares during the last quarter. Stonebridge Financial Group LLC grew its stake in shares of PIMCO Commodity Strategy Active ETF by 23.5% during the 3rd quarter. Stonebridge Financial Group LLC now owns 45,057 shares of the company’s stock valued at $1,562,000 after purchasing an additional 8,574 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of PIMCO Commodity Strategy Active ETF by 23.7% in the second quarter. Envestnet Asset Management Inc. now owns 14,987 shares of the company’s stock worth $460,000 after buying an additional 2,870 shares during the last quarter.

PIMCO Commodity Strategy Active ETF Company Profile

The PIMCO Commodity Strategy Active ETF (CMDT) seeks total return which exceeds that of its benchmark, consistent with prudent investment management.