VanEck CMCI Commodity Strategy ETF (BATS:CMCI) Shares Up 0.4% – Here’s Why

VanEck CMCI Commodity Strategy ETF (BATS:CMCI) shot up 0.4% during trading on Friday . The company traded as high as $29.55 and last traded at $29.38. 1,033 shares traded hands during trading, an increase of 186% from the average session volume of 361 shares. The stock had previously closed at $29.26.

VanEck CMCI Commodity Strategy ETF Trading Up 0.4%

The stock has a 50-day moving average of $27.82 and a 200 day moving average of $26.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VanEck CMCI Commodity Strategy ETF stock. Jane Street Group LLC boosted its holdings in shares of VanEck CMCI Commodity Strategy ETF (BATS:CMCI) by 125.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,797 shares of the company’s stock after acquiring an additional 12,128 shares during the period. Jane Street Group LLC owned approximately 21.80% of VanEck CMCI Commodity Strategy ETF worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

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.