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

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,653 shares, a drop of 68.5% from the June 15th total of 8,425 shares. Based on an average daily trading volume, of 61,891 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the company’s shares are short sold.

VanEck Commodity Strategy ETF Price Performance

PIT opened at $68.39 on Monday. VanEck Commodity Strategy ETF has a 52-week low of $50.84 and a 52-week high of $78.42. The stock’s 50 day moving average price is $71.53 and its 200-day moving average price is $66.27.

Institutional Trading of VanEck Commodity Strategy ETF

Several large investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC purchased a new position in VanEck Commodity Strategy ETF during the 4th quarter valued at $104,000. Apollon Wealth Management LLC purchased a new stake in shares of VanEck Commodity Strategy ETF in the 1st quarter worth about $387,000. Kestra Advisory Services LLC purchased a new stake in shares of VanEck Commodity Strategy ETF in the 1st quarter worth about $808,000. Breakwater Investment Management boosted its stake in shares of VanEck Commodity Strategy ETF by 6.2% during the 4th quarter. Breakwater Investment Management now owns 12,220 shares of the company’s stock valued at $645,000 after purchasing an additional 711 shares in the last quarter. Finally, Saxony Capital Management LLC bought a new stake in shares of VanEck Commodity Strategy ETF during the 4th quarter valued at about $729,000.

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.