VanEck Commodity Strategy ETF (BATS:PIT) Shares Shorted: Short Interest Up 86.6% in October

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a significant growth in short interest in 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 trading volume of 56,225 shares, the short-interest ratio is currently 0.8 days. Approximately 6.7% of the company’s stock are short sold.

Institutional Trading of VanEck Commodity Strategy ETF

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

VanEck Commodity Strategy ETF Stock Performance

Shares of PIT opened at $84.37 on Monday. VanEck Commodity Strategy ETF has a fifty-two week low of $52.62 and a fifty-two week high of $87.08. The firm’s 50-day simple moving average is $82.40 and its two-hundred day simple moving average is $72.37.

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.