VanEck Data Center Supply Chain ETF (BATS:RACK) Stock Jumps 1.1% – Here’s Why

VanEck Data Center Supply Chain ETF (BATS:RACK) rose 1.1% on Friday. The company traded as high as $49.93 and last traded at $49.80. 11,797 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 46,388 shares. The stock had previously closed at $49.27.

VanEck Data Center Supply Chain ETF Price Performance

The stock has a 50-day simple moving average of $48.74.

VanEck Data Center Supply Chain ETF (BATS: RACK) is an exchange-traded fund designed to provide investors with exposure to companies involved in the data center supply chain. Rather than operating a single business, the fund seeks to track the performance of a portfolio of companies that support the infrastructure, equipment, and services needed to build and operate data centers.

The ETF focuses on businesses across areas such as data center construction, power and cooling systems, networking equipment, semiconductors, cloud infrastructure, and related technology hardware and services.