CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw unusually-strong trading volume on Thursday . 570,783 shares were traded during trading, an increase of 1,322% from the previous session’s volume of 40,132 shares.The stock last traded at $37.23 and had previously closed at $37.17.

CoreCommodity Natural Resources ETF Price Performance

The company’s 50 day simple moving average is $39.85 and its 200 day simple moving average is $38.63. The stock has a market cap of $13.72 billion, a P/E ratio of 12.52 and a beta of 36.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCNR. Essex Financial Services Inc. acquired a new position in CoreCommodity Natural Resources ETF in the first quarter valued at about $223,000. MML Investors Services LLC bought a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter valued at about $239,000. LPL Financial LLC bought a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter valued at about $417,000. Jane Street Group LLC acquired a new position in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $501,000. Finally, Royal Bank of Canada acquired a new position in shares of CoreCommodity Natural Resources ETF in the 4th quarter valued at approximately $639,000.

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. CCNR was launched on Jul 10, 2024 and is issued by SS&C.