PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 71,589 shares, an increase of 175.0% from the April 30th total of 26,034 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 70,901 shares, the days-to-cover ratio is currently 1.0 days.
Hedge Funds Weigh In On PIMCO Commodity Strategy Active ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC increased its holdings in PIMCO Commodity Strategy Active ETF by 4.1% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 8,907 shares of the company’s stock worth $246,000 after buying an additional 350 shares during the last quarter. Barnes Wealth Management Group Inc increased its holdings in PIMCO Commodity Strategy Active ETF by 6.7% during the third quarter. Barnes Wealth Management Group Inc now owns 8,711 shares of the company’s stock worth $239,000 after buying an additional 549 shares during the last quarter. Harbour Investments Inc. increased its holdings in PIMCO Commodity Strategy Active ETF by 213.4% during the fourth quarter. Harbour Investments Inc. now owns 1,423 shares of the company’s stock worth $39,000 after buying an additional 969 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in PIMCO Commodity Strategy Active ETF by 359.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,392 shares of the company’s stock worth $66,000 after buying an additional 1,871 shares during the last quarter. Finally, Comerica Bank acquired a new position in PIMCO Commodity Strategy Active ETF during the third quarter worth $53,000.
PIMCO Commodity Strategy Active ETF Price Performance
CMDT traded down $0.21 during trading on Friday, reaching $33.55. 512,625 shares of the stock were exchanged, compared to its average volume of 156,702. PIMCO Commodity Strategy Active ETF has a twelve month low of $25.26 and a twelve month high of $35.06. The stock’s 50 day moving average price is $33.18 and its two-hundred day moving average price is $30.24.
About PIMCO Commodity Strategy Active ETF
The PIMCO Commodity Strategy Active ETF (CMDT) seeks total return which exceeds that of its benchmark, consistent with prudent investment management.
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