VanEck CMCI Commodity Strategy ETF (BATS:CMCI) Stock Price Down 0.1% – What’s Next?

VanEck CMCI Commodity Strategy ETF (BATS:CMCI)’s stock price was down 0.1% during mid-day trading on Wednesday . The company traded as low as $27.55 and last traded at $27.55. 103 shares traded hands during trading, a decline of 75% from the average session volume of 411 shares. The stock had previously closed at $27.57.

VanEck CMCI Commodity Strategy ETF Price Performance

The company has a fifty day moving average price of $28.87 and a 200 day moving average price of $27.14.

Hedge Funds Weigh In On VanEck CMCI Commodity Strategy ETF

A hedge fund recently raised its position in VanEck CMCI Commodity Strategy ETF stock. Jane Street Group LLC raised its stake in VanEck CMCI Commodity Strategy ETF (BATS:CMCI) by 5.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,670 shares of the company’s stock after purchasing an additional 461 shares during the quarter. Jane Street Group LLC owned 9.67% of VanEck CMCI Commodity Strategy ETF worth $241,000 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.