CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Significant Growth in Short Interest

by · The Cerbat Gem

CoreCommodity Natural Resources ETF (NASDAQ:CCNR – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,998 shares, an increase of 292.8% from the April 30th total of 2,545 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 8,610 shares, the days-to-cover ratio is currently 1.2 days.

CoreCommodity Natural Resources ETF Trading Down 0.3%

NASDAQ CCNR traded down $0.13 on Friday, hitting $41.15. 9,004 shares of the company were exchanged, compared to its average volume of 40,044. The company has a market cap of $16.14 billion, a PE ratio of 12.52 and a beta of 41.17. CoreCommodity Natural Resources ETF has a 12 month low of $24.69 and a 12 month high of $43.85. The stock has a fifty day moving average of $40.55 and a 200-day moving average of $37.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCNR. Essex Financial Services Inc. bought a new position in CoreCommodity Natural Resources ETF during the first quarter worth $223,000. MML Investors Services LLC bought a new position in CoreCommodity Natural Resources ETF during the fourth quarter worth $239,000. LPL Financial LLC bought a new position in CoreCommodity Natural Resources ETF during the fourth quarter worth $417,000. Jane Street Group LLC acquired a new position in CoreCommodity Natural Resources ETF during the second quarter worth $501,000. Finally, Royal Bank of Canada acquired a new position in CoreCommodity Natural Resources ETF during the fourth quarter worth $639,000.

About CoreCommodity Natural Resources ETF

(Get Free Report)

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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