PIMCO Commodity Strategy Active ETF (NYSEARCA:CMDT – Get Free Report) was the recipient of a large increase in short interest in the month of 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 shares of the company are sold short. Based on an average daily volume of 70,901 shares, the short-interest ratio is presently 1.0 days.
Institutional Trading of PIMCO Commodity Strategy Active ETF
Several hedge funds have recently made changes to their positions in CMDT. Allianz Asset Management GmbH lifted its stake in shares of PIMCO Commodity Strategy Active ETF by 32.6% in the 4th quarter. Allianz Asset Management GmbH now owns 2,977,136 shares of the company’s stock worth $82,139,000 after acquiring an additional 732,100 shares during the period. CWM LLC lifted its stake in shares of PIMCO Commodity Strategy Active ETF by 113.1% in the 4th quarter. CWM LLC now owns 906,484 shares of the company’s stock worth $25,010,000 after acquiring an additional 481,124 shares during the period. 3EDGE Asset Management LP acquired a new stake in shares of PIMCO Commodity Strategy Active ETF in the 4th quarter worth $9,926,000. Envestnet Asset Management Inc. acquired a new stake in shares of PIMCO Commodity Strategy Active ETF in the 3rd quarter worth $8,174,000. Finally, Dakota Wealth Management acquired a new stake in shares of PIMCO Commodity Strategy Active ETF in the 4th quarter worth $4,906,000.
PIMCO Commodity Strategy Active ETF Stock Down 0.6%
NYSEARCA:CMDT traded down $0.21 during trading hours on Friday, reaching $33.55. 512,625 shares of the company’s stock were exchanged, compared to its average volume of 156,702. The company has a 50-day moving average of $33.18 and a 200 day moving average of $30.24. PIMCO Commodity Strategy Active ETF has a 1-year low of $25.26 and a 1-year high of $35.06.
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.
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