Short Interest in VanEck Commodity Strategy ETF (BATS:PIT) Drops By 58.5%

VanEck Commodity Strategy ETF (BATS:PIT) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 14,491 shares, a decrease of 58.5% from the April 30th total of 34,881 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 39,899 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On VanEck Commodity Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PIT. Van ECK Associates Corp raised its holdings in shares of VanEck Commodity Strategy ETF by 13.4% in the 3rd quarter. Van ECK Associates Corp now owns 625,322 shares of the company’s stock valued at $34,280,000 after purchasing an additional 74,013 shares in the last quarter. ORG Partners LLC raised its holdings in shares of VanEck Commodity Strategy ETF by 11.4% in the 4th quarter. ORG Partners LLC now owns 39,123 shares of the company’s stock valued at $2,068,000 after purchasing an additional 4,009 shares in the last quarter. Saxony Capital Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the 4th quarter valued at $729,000. Breakwater Investment Management raised 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 purchasing an additional 711 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in shares of VanEck Commodity Strategy ETF in the 4th quarter valued at $104,000.

VanEck Commodity Strategy ETF Trading Down 0.6%

VanEck Commodity Strategy ETF stock opened at $72.61 on Friday. VanEck Commodity Strategy ETF has a 52-week low of $48.39 and a 52-week high of $78.42. The company’s 50 day moving average is $73.46 and its two-hundred day moving average is $63.62.

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.