VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Up 913.6% in August

VanEck Commodity Strategy ETF (BATS:PIT) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 77,392 shares, an increase of 913.6% from the July 30th total of 7,635 shares. Based on an average daily volume of 37,214 shares, the short-interest ratio is currently 2.1 days. Approximately 11.1% of the company’s stock are short sold.

VanEck Commodity Strategy ETF Price Performance

Shares of PIT traded down $1.22 during mid-day trading on Tuesday, hitting $76.86. The stock had a trading volume of 25,791 shares, compared to its average volume of 37,897. VanEck Commodity Strategy ETF has a fifty-two week low of $52.26 and a fifty-two week high of $79.40. The company’s fifty day simple moving average is $71.50 and its two-hundred day simple moving average is $70.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PIT. Tucker Asset Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the fourth quarter valued at approximately $104,000. Compass Financial Management LLC bought a new position in VanEck Commodity Strategy ETF in the 2nd quarter worth approximately $119,000. Apollon Wealth Management LLC acquired a new stake in VanEck Commodity Strategy ETF in the 1st quarter valued at approximately $387,000. 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 valued at $645,000 after acquiring an additional 711 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in VanEck Commodity Strategy ETF during the 1st quarter valued at $808,000.

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.