VanEck Commodity Strategy ETF (BATS:PIT) Short Interest Update

VanEck Commodity Strategy ETF (BATS:PIT) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 7,635 shares, a decline of 93.4% from the July 15th total of 115,858 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,007 shares, the short-interest ratio is presently 0.4 days.

VanEck Commodity Strategy ETF Stock Up 0.5%

BATS PIT traded up $0.38 during midday trading on Tuesday, hitting $76.14. 12,978 shares of the company traded hands, compared to its average volume of 36,029. VanEck Commodity Strategy ETF has a 52 week low of $50.84 and a 52 week high of $78.42. The company’s 50-day simple moving average is $70.43 and its 200-day simple moving average is $69.01.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in PIT. Tucker Asset Management LLC purchased a new position in VanEck Commodity Strategy ETF in the fourth quarter valued at about $104,000. Apollon Wealth Management LLC purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter valued at about $387,000. Breakwater Investment Management boosted its holdings in shares of 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 buying an additional 711 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of VanEck Commodity Strategy ETF in the 1st quarter valued at about $808,000. Finally, Ascentis Independent Advisors purchased a new position in shares of VanEck Commodity Strategy ETF in the 1st quarter worth approximately $1,964,000.

About VanEck Commodity Strategy ETF

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.