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

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

VanEck Commodity Strategy ETF Price Performance

Shares of BATS:PIT opened at $71.12 on Wednesday. VanEck Commodity Strategy ETF has a 52-week low of $50.47 and a 52-week high of $78.42. The business’s 50 day moving average is $73.90 and its 200 day moving average is $64.48.

Institutional Trading of VanEck Commodity Strategy ETF

A number of hedge funds have recently bought and sold shares of PIT. Tucker Asset Management LLC purchased a new stake in VanEck Commodity Strategy ETF during the fourth quarter worth $104,000. Apollon Wealth Management LLC purchased a new stake in VanEck Commodity Strategy ETF during the first quarter worth $387,000. Breakwater Investment Management lifted its holdings in VanEck Commodity Strategy ETF by 6.2% during the fourth quarter. Breakwater Investment Management now owns 12,220 shares of the company’s stock worth $645,000 after buying an additional 711 shares during the period. Saxony Capital Management LLC purchased a new stake in VanEck Commodity Strategy ETF during the fourth quarter worth $729,000. Finally, Kestra Advisory Services LLC purchased a new stake in VanEck Commodity Strategy ETF during the first quarter worth $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.