CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Stock Price Down 4.3% – Here’s What Happened

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price was down 4.3% during trading on Tuesday . The company traded as low as $31.91 and last traded at $31.91. Approximately 2,068 shares traded hands during trading, a decline of 94% from the average daily volume of 32,031 shares. The stock had previously closed at $33.36.

CoreCommodity Natural Resources ETF Price Performance

The business has a 50 day simple moving average of $31.64 and a 200 day simple moving average of $28.89. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, December 8th will be paid a dividend of $1.1419 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a yield of 358.0%.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

Several institutional investors have recently bought and sold shares of CCNR. Jane Street Group LLC purchased a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter worth approximately $501,000. Goldman Sachs Group Inc. purchased a new stake in CoreCommodity Natural Resources ETF during the 1st quarter worth about $5,103,000. Finally, Joseph Group Capital Management acquired a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter worth about $11,920,000.

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.