CoreCommodity Natural Resources ETF (NASDAQ:CCNR – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,552 shares, a decline of 40.4% from the July 15th total of 29,453 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,236 shares, the short-interest ratio is presently 2.8 days.
Hedge Funds Weigh In On CoreCommodity Natural Resources ETF
Large investors have recently modified their holdings of the company. Essex Financial Services Inc. acquired a new position in shares of CoreCommodity Natural Resources ETF in the 1st quarter valued at about $223,000. MML Investors Services LLC acquired a new stake in CoreCommodity Natural Resources ETF during the 4th quarter worth approximately $239,000. LPL Financial LLC purchased a new position in CoreCommodity Natural Resources ETF in the fourth quarter valued at approximately $417,000. Jane Street Group LLC purchased a new position in CoreCommodity Natural Resources ETF in the second quarter valued at approximately $501,000. Finally, Royal Bank of Canada acquired a new position in CoreCommodity Natural Resources ETF during the fourth quarter valued at approximately $639,000.
CoreCommodity Natural Resources ETF Stock Performance
Shares of CCNR traded up $0.76 during trading hours on Wednesday, hitting $41.16. The stock had a trading volume of 6,480 shares, compared to its average volume of 37,789. CoreCommodity Natural Resources ETF has a 12-month low of $27.49 and a 12-month high of $43.85. The firm has a market cap of $18.85 billion, a P/E ratio of 12.52 and a beta of 38.15. The company’s fifty day simple moving average is $38.38 and its 200 day simple moving average is $39.43.
About CoreCommodity Natural Resources ETF
The ALPS CoreCommodity Natural Resources ETF (CCNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to maximize real returns through an actively managed portfolio of companies from around the globe that are engaged in natural resources, which includes energy, agriculture, as well as base and precious metals and minerals. CCNR was launched on Jul 10, 2024 and is issued by SS&C.
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