VanEck CMCI Commodity Strategy ETF (BATS:CMCI) Shares Up 0.3% – Still a Buy?

VanEck CMCI Commodity Strategy ETF (BATS:CMCI)’s share price shot up 0.3% on Thursday . The stock traded as high as $28.43 and last traded at $28.43. 313 shares changed hands during trading, a decline of 2% from the average session volume of 318 shares. The stock had previously closed at $28.35.

VanEck CMCI Commodity Strategy ETF Stock Performance

The company’s 50 day simple moving average is $26.91 and its two-hundred day simple moving average is $26.03.

Institutional Trading of VanEck CMCI Commodity Strategy ETF

An institutional investor recently bought a new position in VanEck CMCI Commodity Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of VanEck CMCI Commodity Strategy ETF (BATS:CMCI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,209 shares of the company’s stock, valued at approximately $235,000. Jane Street Group LLC owned about 9.21% of VanEck CMCI Commodity Strategy ETF at the end of the most recent quarter.

VanEck CMCI Commodity Strategy ETF Company Profile

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.