CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Trading Down 2% – Here’s What Happened

by · The Markets Daily

CoreCommodity Natural Resources ETF (NASDAQ:CCNR – Get Free Report) was down 2% during trading on Wednesday . The stock traded as low as $36.79 and last traded at $37.01. 20,464 shares changed hands during trading, a decline of 43% from the average session volume of 35,882 shares. The stock had previously closed at $37.78.

CoreCommodity Natural Resources ETF Stock Down 0.3%

The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 12.52 and a beta of 41.10. The company’s 50 day simple moving average is $40.37 and its two-hundred day simple moving average is $38.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essex Financial Services Inc. purchased a new stake in CoreCommodity Natural Resources ETF in the first quarter valued at about $223,000. MML Investors Services LLC purchased a new stake in shares of CoreCommodity Natural Resources ETF during the fourth quarter worth about $239,000. LPL Financial LLC acquired a new position in shares of CoreCommodity Natural Resources ETF during the fourth quarter valued at about $417,000. OLD Mission Capital LLC increased its holdings in shares of CoreCommodity Natural Resources ETF by 90.1% during the fourth quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after acquiring an additional 13,195 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $501,000.

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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