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

VanEck Commodity Strategy ETF (BATS:PIT) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,653 shares, a drop 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 volume of 61,891 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of VanEck Commodity Strategy ETF

Several institutional investors have recently made changes to their positions in the business. Breakwater Investment Management boosted 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 valued at $645,000 after purchasing an additional 711 shares in the last quarter. Tucker Asset Management LLC bought a new position in shares of VanEck Commodity Strategy ETF in the fourth quarter valued at about $104,000. ORG Partners LLC raised 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 valued at approximately $387,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the 1st quarter valued at $808,000.

VanEck Commodity Strategy ETF Stock Down 0.3%

Shares of PIT traded down $0.22 during trading hours on Friday, reaching $68.39. 19,794 shares of the company traded hands, compared to its average volume of 36,768. The stock’s fifty day moving average is $71.53 and its 200 day moving average is $66.18. VanEck Commodity Strategy ETF has a 1-year low of $50.84 and a 1-year high of $78.42.

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.