PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) Short Interest Update

PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 20,251 shares, a drop of 69.4% from the March 31st total of 66,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 101,431 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Commodity Strategy Active ETF Price Performance

Shares of NYSEARCA CMDT traded down $0.10 during midday trading on Friday, reaching $33.34. 69,503 shares of the company traded hands, compared to its average volume of 178,524. PIMCO Commodity Strategy Active ETF has a 52 week low of $25.02 and a 52 week high of $33.93. The stock has a 50-day moving average price of $31.47 and a 200 day moving average price of $29.18.

Institutional Investors Weigh In On PIMCO Commodity Strategy Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CMDT. Jane Street Group LLC raised its stake in shares of PIMCO Commodity Strategy Active ETF by 29.5% during the first quarter. Jane Street Group LLC now owns 11,176 shares of the company’s stock valued at $299,000 after purchasing an additional 2,544 shares in the last quarter. Fidelity D & D Bancorp Inc. raised its stake in shares of PIMCO Commodity Strategy Active ETF by 9.7% during the second quarter. Fidelity D & D Bancorp Inc. now owns 166,872 shares of the company’s stock valued at $4,310,000 after purchasing an additional 14,759 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of PIMCO Commodity Strategy Active ETF during the third quarter valued at about $319,000. CWM LLC raised its stake in shares of PIMCO Commodity Strategy Active ETF by 3.2% during the third quarter. CWM LLC now owns 425,360 shares of the company’s stock valued at $11,655,000 after purchasing an additional 13,010 shares in the last quarter. Finally, Beacon Capital Management Inc. bought a new stake in shares of PIMCO Commodity Strategy Active ETF during the third quarter valued at about $10,974,000.

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.