VanEck Commodity Strategy ETF (BATS:PIT) Sees Large Growth in Short Interest

VanEck Commodity Strategy ETF (BATS:PIT) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 115,858 shares, a growth of 4,267.1% from the June 30th total of 2,653 shares. Based on an average daily volume of 61,565 shares, the days-to-cover ratio is currently 1.9 days. Approximately 16.6% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

Several institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in VanEck Commodity Strategy ETF by 43.9% during the fourth quarter. Van ECK Associates Corp now owns 900,116 shares of the company’s stock worth $47,534,000 after buying an additional 274,794 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in VanEck Commodity Strategy ETF in the 4th quarter valued at $6,103,000. ORG Partners LLC lifted its position in shares of VanEck Commodity Strategy ETF by 11.4% during the 4th quarter. ORG Partners LLC now owns 39,123 shares of the company’s stock valued at $2,068,000 after acquiring an additional 4,009 shares during the period. Ascentis Independent Advisors bought a new stake in shares of VanEck Commodity Strategy ETF during the 1st quarter valued at $1,964,000. Finally, Saxony Capital Management LLC bought a new stake in shares of VanEck Commodity Strategy ETF during the 4th quarter valued at $729,000.

VanEck Commodity Strategy ETF Price Performance

BATS PIT opened at $74.67 on Friday. The firm has a 50-day moving average price of $70.83 and a two-hundred day moving average price of $67.55. VanEck Commodity Strategy ETF has a 12-month low of $50.84 and a 12-month 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.