VanEck Commodity Strategy ETF (BATS:PIT) Sees Significant Increase in Short Interest

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 47,053 shares, a growth of 86.6% from the September 30th total of 25,211 shares. Based on an average daily volume of 56,225 shares, the days-to-cover ratio is presently 0.8 days. Approximately 6.7% of the shares of the company are short sold.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

Several institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the 3rd quarter worth approximately $81,000. Tucker Asset Management LLC bought a new position in shares of VanEck Commodity Strategy ETF in the third quarter valued at approximately $1,556,000. Kestra Advisory Services LLC acquired a new position in shares of VanEck Commodity Strategy ETF during the first quarter valued at approximately $808,000. Ascentis Independent Advisors acquired a new position in shares of VanEck Commodity Strategy ETF during the first quarter valued at approximately $1,964,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of VanEck Commodity Strategy ETF during the first quarter valued at approximately $387,000.

VanEck Commodity Strategy ETF Stock Performance

Shares of PIT opened at $84.37 on Friday. The stock has a fifty day moving average price of $82.40 and a 200 day moving average price of $72.37. VanEck Commodity Strategy ETF has a 12 month low of $52.62 and a 12 month high of $87.08.

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.