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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CCNR. Essex Financial Services Inc. acquired a new stake in CoreCommodity Natural Resources ETF during the 1st quarter worth about $223,000. OLD Mission Capital LLC increased its holdings in shares of CoreCommodity Natural Resources ETF by 90.1% in the 4th quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after purchasing an additional 13,195 shares during the period. Royal Bank of Canada purchased a new stake in shares of CoreCommodity Natural Resources ETF in the fourth quarter worth approximately $639,000. MML Investors Services LLC purchased a new stake in shares of CoreCommodity Natural Resources ETF in the fourth quarter worth approximately $239,000. Finally, LPL Financial LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF during the fourth quarter worth approximately $417,000.

CoreCommodity Natural Resources ETF Price Performance

Shares of CCNR traded down $0.03 during mid-day trading on Friday, hitting $41.25. The company’s stock had a trading volume of 223 shares, compared to its average volume of 39,958. The firm has a 50-day moving average price of $40.50 and a 200 day moving average price of $37.25. CoreCommodity Natural Resources ETF has a fifty-two week low of $24.69 and a fifty-two week high of $43.85. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 12.52 and a beta of 41.17.

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.