PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) Sees Large Growth in Short Interest

PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 39,773 shares, a growth of 147.3% from the September 30th total of 16,086 shares. Based on an average daily volume of 79,673 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of PIMCO Commodity Strategy Active ETF

Hedge funds have recently added to or reduced their stakes in the business. Krilogy Financial LLC lifted its holdings in PIMCO Commodity Strategy Active ETF by 123.2% during the third quarter. Krilogy Financial LLC now owns 67,849 shares of the company’s stock worth $2,197,000 after buying an additional 37,450 shares during the period. Fidelity D & D Bancorp Inc. grew its position in shares of PIMCO Commodity Strategy Active ETF by 18.4% in the 1st quarter. Fidelity D & D Bancorp Inc. now owns 270,012 shares of the company’s stock worth $8,713,000 after buying an additional 41,872 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in PIMCO Commodity Strategy Active ETF during the second quarter valued at approximately $1,119,000. Apollon Wealth Management LLC grew its holdings in PIMCO Commodity Strategy Active ETF by 13.2% in the third quarter. Apollon Wealth Management LLC now owns 2,638,821 shares of the company’s stock worth $91,462,000 after purchasing an additional 308,496 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of PIMCO Commodity Strategy Active ETF by 60.6% during the third quarter. Farther Finance Advisors LLC now owns 13,948 shares of the company’s stock worth $483,000 after purchasing an additional 5,262 shares in the last quarter.

PIMCO Commodity Strategy Active ETF Price Performance

CMDT stock traded down $0.16 during trading on Friday, hitting $31.78. 4,981 shares of the company’s stock traded hands, compared to its average volume of 110,485. The business has a fifty day simple moving average of $33.75 and a 200 day simple moving average of $32.25. PIMCO Commodity Strategy Active ETF has a 52 week low of $26.98 and a 52 week high of $36.86.

PIMCO Commodity Strategy Active ETF Company Profile

The PIMCO Commodity Strategy Active ETF (CMDT) seeks total return which exceeds that of its benchmark, consistent with prudent investment management.