VanEck CMCI Commodity Strategy ETF (BATS:CMCI) Shares Up 0.5% – Still a Buy?

VanEck CMCI Commodity Strategy ETF (BATS:CMCIGet Free Report) shares rose 0.5% on Friday . The stock traded as high as $30.06 and last traded at $30.06. Approximately 8 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 352 shares. The stock had previously closed at $29.91.

VanEck CMCI Commodity Strategy ETF Stock Performance

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VanEck CMCI Commodity Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of VanEck CMCI Commodity Strategy ETF (BATS:CMCIFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

About VanEck CMCI Commodity Strategy ETF

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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.

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