VanEck CMCI Commodity Strategy ETF (BATS:CMCI) Stock Price Up 0.5% – Here’s Why

VanEck CMCI Commodity Strategy ETF (BATS:CMCI)’s share price shot up 0.5% during mid-day trading on Friday . The stock traded as high as $30.06 and last traded at $30.06. Approximately 8 shares were traded during mid-day trading, a decline of 98% from the average session volume of 352 shares. The stock had previously closed at $29.91.

VanEck CMCI Commodity Strategy ETF Trading Up 0.5%

The firm’s 50-day moving average is $28.67 and its 200 day moving average is $27.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck CMCI Commodity Strategy ETF stock. Jane Street Group LLC raised its stake in VanEck CMCI Commodity Strategy ETF (BATS:CMCI) by 125.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,797 shares of the company’s stock after buying an additional 12,128 shares during the period. Jane Street Group LLC owned about 21.80% of VanEck CMCI Commodity Strategy ETF worth $522,000 as of its most recent SEC filing.

About VanEck CMCI Commodity Strategy ETF

The VanEck CMCI Commodity Strategy ETF (CMCI) is an exchange-traded fund that is based on the UBS Constant Maturity Commodity index. The fund tracks a broad index that represents the five commodity sectors: agriculture, energy, livestock, precious metals, and industrial metals. The index aims to provide beta exposure across 29 commodity components and maturities. CMCI was launched on Aug 21, 2023 and is issued by VanEck.