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

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,552 shares, a decrease of 40.4% from the July 15th total of 29,453 shares. Based on an average trading volume of 6,236 shares, the short-interest ratio is currently 2.8 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in CoreCommodity Natural Resources ETF in the 1st quarter valued at about $5,103,000. Jane Street Group LLC purchased a new position in CoreCommodity Natural Resources ETF during the second quarter worth about $501,000. LPL Financial LLC purchased a new position in CoreCommodity Natural Resources ETF during the fourth quarter worth about $417,000. MML Investors Services LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF during the fourth quarter valued at about $239,000. Finally, Royal Bank of Canada acquired a new stake in shares of CoreCommodity Natural Resources ETF during the fourth quarter valued at about $639,000.

CoreCommodity Natural Resources ETF Stock Down 0.2%

CCNR stock opened at $40.27 on Monday. The business has a fifty day moving average of $38.34 and a two-hundred day moving average of $39.40. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 12.52 and a beta of 38.15. CoreCommodity Natural Resources ETF has a 52-week low of $27.49 and a 52-week high of $43.85.

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.