VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Up 256.1% in June

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 8,425 shares, a growth of 256.1% from the May 31st total of 2,366 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 77,231 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

Institutional investors have recently modified their holdings of the stock. 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 buying an additional 711 shares during the period. Tucker Asset Management LLC acquired a new position in shares of VanEck Commodity Strategy ETF in the fourth quarter worth $104,000. ORG Partners LLC raised its holdings in shares of VanEck Commodity Strategy ETF by 11.4% during the fourth quarter. ORG Partners LLC now owns 39,123 shares of the company’s stock worth $2,068,000 after acquiring an additional 4,009 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter worth $387,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter worth $808,000.

VanEck Commodity Strategy ETF Stock Performance

PIT stock opened at $65.44 on Friday. The firm has a 50 day simple moving average of $72.74 and a 200 day simple moving average of $65.46. VanEck Commodity Strategy ETF has a 52 week low of $50.84 and a 52 week high of $78.42.

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.