VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Down 68.5% in June

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

Hedge Funds Weigh In On VanEck Commodity Strategy ETF

Large investors have recently made changes to their positions in the business. Breakwater Investment Management increased its position in VanEck Commodity Strategy ETF by 6.2% in the 4th 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. Tucker Asset Management LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the fourth quarter valued at approximately $104,000. ORG Partners LLC grew its stake in shares of VanEck Commodity Strategy ETF by 11.4% in 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 during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the first quarter worth $387,000. Finally, Kestra Advisory Services LLC bought a new position in VanEck Commodity Strategy ETF during the first quarter worth $808,000.

VanEck Commodity Strategy ETF Stock Performance

PIT traded down $0.22 during trading on Friday, hitting $68.39. The stock had a trading volume of 19,794 shares, compared to its average volume of 36,768. VanEck Commodity Strategy ETF has a 12 month low of $50.84 and a 12 month high of $78.42. The company has a 50 day simple moving average of $71.53 and a 200-day simple moving average of $66.18.

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.