VanEck Commodity Strategy ETF (BATS:PIT) Sees Significant Decline in Short Interest

VanEck Commodity Strategy ETF (BATS:PIT) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 25,211 shares, a decrease of 65.1% from the September 15th total of 72,210 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 85,362 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On VanEck Commodity Strategy ETF

Several institutional investors have recently bought and sold shares of PIT. Ascentis Independent Advisors purchased a new position in shares of VanEck Commodity Strategy ETF in the 1st quarter valued at $1,964,000. Kestra Advisory Services LLC purchased a new stake in VanEck Commodity Strategy ETF during the 1st quarter worth approximately $808,000. Apollon Wealth Management LLC purchased a new stake in shares of VanEck Commodity Strategy ETF during the first quarter valued at $387,000. Finally, Compass Financial Management LLC acquired a new position in shares of VanEck Commodity Strategy ETF in the second quarter valued at about $119,000.

VanEck Commodity Strategy ETF Price Performance

BATS PIT opened at $83.91 on Tuesday. The business’s 50 day moving average price is $79.89 and its 200-day moving average price is $74.78. VanEck Commodity Strategy ETF has a fifty-two week low of $52.62 and a fifty-two week high of $84.98.

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.