Short Interest in VanEck Commodity Strategy ETF (BATS:PIT) Rises By 913.6%

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 77,392 shares, a growth of 913.6% from the July 30th total of 7,635 shares. Approximately 11.1% of the company’s stock are short sold. Based on an average daily volume of 37,214 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds Weigh In On VanEck Commodity Strategy ETF

Several large investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in VanEck Commodity Strategy ETF during the 2nd quarter valued at about $119,000. Kestra Advisory Services LLC purchased a new stake in shares of VanEck Commodity Strategy ETF in the first quarter worth approximately $808,000. Ascentis Independent Advisors bought a new position in shares of VanEck Commodity Strategy ETF in the first quarter valued at approximately $1,964,000. Apollon Wealth Management LLC bought a new position in shares of VanEck Commodity Strategy ETF in the first quarter valued at approximately $387,000. Finally, Van ECK Associates Corp lifted its holdings in shares of VanEck Commodity Strategy ETF by 43.9% in the fourth quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock valued at $47,534,000 after purchasing an additional 274,794 shares in the last quarter.

VanEck Commodity Strategy ETF Stock Up 0.3%

Shares of VanEck Commodity Strategy ETF stock traded up $0.20 during trading hours on Thursday, reaching $76.99. The company’s stock had a trading volume of 4,799 shares, compared to its average volume of 37,741. VanEck Commodity Strategy ETF has a one year low of $52.55 and a one year high of $79.40. The stock’s fifty day simple moving average is $71.86 and its two-hundred day simple moving average is $70.56.

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.