VanEck Commodity Strategy ETF (BATS:PIT – Get Free Report) saw a significant growth in short interest in the month of 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. Approximately 6.7% of the shares of the company are short sold. Based on an average daily volume of 56,225 shares, the short-interest ratio is presently 0.8 days.
Institutional Investors Weigh In On VanEck Commodity Strategy ETF
A number of institutional investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in VanEck Commodity Strategy ETF in the third quarter worth about $81,000. Tucker Asset Management LLC acquired a new position in VanEck Commodity Strategy ETF in the third quarter valued at approximately $1,556,000. Kestra Advisory Services LLC acquired a new position in VanEck Commodity Strategy ETF in the first quarter valued at approximately $808,000. Ascentis Independent Advisors bought a new position in shares of VanEck Commodity Strategy ETF during the first quarter valued at approximately $1,964,000. Finally, Apollon Wealth Management LLC bought a new position in shares of VanEck Commodity Strategy ETF during the first quarter valued at approximately $387,000.
VanEck Commodity Strategy ETF Stock Performance
VanEck Commodity Strategy ETF stock opened at $84.37 on Friday. The firm’s 50-day moving average is $82.40 and its 200-day moving average is $72.37. VanEck Commodity Strategy ETF has a 1 year low of $52.62 and a 1 year high of $87.08.
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.
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