Core Alternative ETF (NYSEARCA:CCOR) Sees Significant Decline in Short Interest

Core Alternative ETF (NYSEARCA:CCOR) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,865 shares, a drop of 56.8% from the May 14th total of 13,588 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,028 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Core Alternative ETF

An institutional investor recently bought a new position in Core Alternative ETF stock. Flagship Harbor Advisors LLC bought a new position in shares of Core Alternative ETF (NYSEARCA:CCOR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,907 shares of the company’s stock, valued at approximately $155,000. Flagship Harbor Advisors LLC owned approximately 0.42% of Core Alternative ETF as of its most recent SEC filing.

Core Alternative ETF Stock Performance

Shares of Core Alternative ETF stock opened at $25.62 on Friday. The firm has a 50-day moving average of $25.74 and a 200-day moving average of $26.36. The stock has a market cap of $27.16 million, a PE ratio of 22.20 and a beta of 0.13. Core Alternative ETF has a 52-week low of $25.02 and a 52-week high of $27.70.

Core Alternative ETF Company Profile

The Core Alternative ETF (CCOR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR was launched on May 24, 2017 and is managed by Core Alternative.