PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT – Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 66,200 shares, a drop of 52.3% from the March 15th total of 138,871 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 171,570 shares, the days-to-cover ratio is currently 0.4 days.
PIMCO Commodity Strategy Active ETF Price Performance
CMDT stock traded down $0.07 during midday trading on Tuesday, reaching $32.62. The stock had a trading volume of 66,544 shares, compared to its average volume of 191,158. The business has a fifty day simple moving average of $30.76 and a two-hundred day simple moving average of $28.84. PIMCO Commodity Strategy Active ETF has a twelve month low of $25.01 and a twelve month high of $33.93.
Institutional Trading of PIMCO Commodity Strategy Active ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. acquired a new stake in PIMCO Commodity Strategy Active ETF in the third quarter worth about $26,000. Harbour Investments Inc. increased its position in PIMCO Commodity Strategy Active ETF by 213.4% in the fourth quarter. Harbour Investments Inc. now owns 1,423 shares of the company’s stock worth $39,000 after purchasing an additional 969 shares during the period. Comerica Bank acquired a new stake in PIMCO Commodity Strategy Active ETF in the third quarter worth about $53,000. Farther Finance Advisors LLC increased its position in PIMCO Commodity Strategy Active ETF by 359.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,392 shares of the company’s stock worth $66,000 after purchasing an additional 1,871 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in PIMCO Commodity Strategy Active ETF in the fourth quarter worth about $91,000.
PIMCO Commodity Strategy Active ETF Company Profile
The PIMCO Commodity Strategy Active ETF (CMDT) seeks total return which exceeds that of its benchmark, consistent with prudent investment management.
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