CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Strong Trading Volume – Here’s Why

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw strong trading volume on Tuesday . 1,890,191 shares changed hands during trading, an increase of 4,617% from the previous session’s volume of 40,073 shares.The stock last traded at $32.5910 and had previously closed at $32.73.

CoreCommodity Natural Resources ETF Trading Up 0.0%

The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $29.39. The company has a market capitalization of $12.47 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 disclosed an annual dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 8th were given a dividend of $1.1419 per share. The ex-dividend date was Monday, December 8th. This represents a yield of 358.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter worth approximately $501,000. Goldman Sachs Group Inc. bought a new stake in CoreCommodity Natural Resources ETF in the first quarter valued at $5,103,000. Finally, Joseph Group Capital Management acquired a new position in shares of CoreCommodity Natural Resources ETF during the second quarter worth approximately $11,920,000.

CoreCommodity Natural Resources ETF Company Profile

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.