Short Interest in VanEck Commodity Strategy ETF (BATS:PIT) Drops By 58.5%

VanEck Commodity Strategy ETF (BATS:PIT) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 14,491 shares, a decrease of 58.5% from the April 30th total of 34,881 shares. Based on an average trading volume of 39,899 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in VanEck Commodity Strategy ETF during the 1st quarter worth approximately $808,000. Ascentis Independent Advisors acquired a new stake in VanEck Commodity Strategy ETF during the 1st quarter worth approximately $1,964,000. Apollon Wealth Management LLC acquired a new stake in VanEck Commodity Strategy ETF during the 1st quarter worth approximately $387,000. Van ECK Associates Corp lifted its holdings in 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 buying an additional 274,794 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in VanEck Commodity Strategy ETF during the 4th quarter worth approximately $6,103,000.

VanEck Commodity Strategy ETF Trading Down 0.6%

VanEck Commodity Strategy ETF stock opened at $72.61 on Friday. VanEck Commodity Strategy ETF has a 52-week low of $48.39 and a 52-week high of $78.42. The company’s 50 day moving average is $73.46 and its two-hundred day moving average is $63.62.

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.