VanEck CMCI Commodity Strategy ETF (CMCI)Commodities Broad Basket | Exchange Traded Fund | Cboe US
28.71 USD
+0.44
(1.556%)
⇧
(July 6, 2026, 12:25 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:38 a.m. EDT
The VanEck CMCI Commodity Strategy ETF presents a classic case of a high-yield, low-liquidity vehicle where the headline number masks the reality of the underlying mechanics. With a reported dividend yield of 8.63%, the income appeal is undeniable, yet the payout history reveals a volatile and accelerating distribution pattern—jumping from $0.40 in 2023 to nearly $2.40 in late 2025. This aggressive payout increase, combined with a trailing one-year price decline of roughly 0.9%, suggests the fund is distributing capital faster than it can generate it, a common trait in commodity strategies suffering from negative roll yields. While the price has recently stabilized near the 50-day average, the lack of options flow and the minimal trading volume indicate that smart money is largely absent. For investors seeking pure income, the yield is attractive but carries the hidden risk of NAV erosion; for those seeking commodity exposure, the structure appears inefficient compared to direct commodity plays. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.026650 |
| AutoTheta | 0.026842 |
| AutoARIMA | 0.026970 |
| AutoETS | 0.026970 |
| MSTL_120 | 0.032474 |
Forecast horizon: 60 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 63% |
| H-stat | 0.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.427 |
| Excess Kurtosis | -0.77 |
As of July 11, 2026, 6:38 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across both calls and puts. The lack of positioning suggests speculators are not forming a directional view on the near term, likely due to the ETF's low liquidity and the absence of significant roll yield pressure or commodity price spikes driving hedging flows.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 9.81% | 9.81% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 2.370 | 9.809603 |
| 2024-12-23 | 0.960 | 3.982576 |
| 2023-12-18 | 0.395 | 1.634934 |
| Attribute | Value |
|---|---|
| All Time High | 31.03 |
| All Time Low | 23.29 |
| Ask | 0.0 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 230 |
| Average Daily Volume3 Month | 519 |
| Average Volume | 519 |
| Average Volume10Days | 230 |
| Beta3 Year | 0.0 |
| Bid | 28.67 |
| Bid Size | 600 |
| Category | Commodities Broad Basket |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.7102 |
| Day Low | 28.7102 |
| Display Name | China Modern Agricultural Information |
| Dividend Yield | 8.63 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 28.83728 |
| Fifty Day Average Change | -0.12708092 |
| Fifty Day Average Change Percent | -0.0044068275 |
| Fifty Two Week Change Percent | 12.115801 |
| Fifty Two Week High | 31.03 |
| Fifty Two Week High Change | -2.3198013 |
| Fifty Two Week High Change Percent | -0.07475995 |
| Fifty Two Week Low | 23.941 |
| Fifty Two Week Low Change | 4.7691994 |
| Fifty Two Week Low Change Percent | 0.19920635 |
| Fifty Two Week Range | 23.941 - 31.03 |
| First Trade Date Milliseconds | 1,692,797,400,000 |
| Full Exchange Name | Cboe US |
| Fund Family | VanEck |
| Fund Inception Date | 1,692,576,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks to achieve its investment objective by investing under normal circumstances in instruments that derive their value from the performance of the index. In seeking to replicate the index, the fund invests in (i) commodity-linked derivative instruments, and in (ii) bonds, debt securities and other fixed income instruments issued by various U.S. public- or private-sector entities. The fund is non-diversified. |
| Long Name | VanEck CMCI Commodity Strategy ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1838297380 |
| Nav Price | 28.39 |
| Net Assets | 2,745,346.0 |
| Net Expense Ratio | 0.67 |
| Open | 27.93 |
| Phone | 888-658-8287 |
| Previous Close | 28.2703 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.439899 |
| Regular Market Change Percent | 1.55605 |
| Regular Market Day High | 28.7102 |
| Regular Market Day Low | 28.7102 |
| Regular Market Day Range | 28.7102 - 28.7102 |
| Regular Market Open | 27.93 |
| Regular Market Previous Close | 28.2703 |
| Regular Market Price | 28.7102 |
| Regular Market Time | 1,783,355,122 |
| Regular Market Volume | 7 |
| Short Name | VanEck CMCI Commodity Strategy |
| Source Interval | 15 |
| Symbol | CMCI |
| Total Assets | 2,745,346 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -1.32998 |
| Trailing Three Month Returns | -1.32998 |
| Triggerable | 1 |
| Two Hundred Day Average | 26.81977 |
| Two Hundred Day Average Change | 1.8904285 |
| Two Hundred Day Average Change Percent | 0.07048638 |
| Type Disp | ETF |
| Volume | 7 |
| Yield | 0.0863 |
| Ytd Return | 14.80552 |