CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Large Volume Increase – Here’s What Happened

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw unusually-high trading volume on Friday . Approximately 210,000 shares changed hands during mid-day trading, an increase of 237% from the previous session’s volume of 62,263 shares.The stock last traded at $24.00 and had previously closed at $23.74.

CoreCommodity Natural Resources ETF Price Performance

The company has a market capitalization of $8.51 billion and a price-to-earnings ratio of 11.90. The stock has a fifty day simple moving average of $23.88 and a 200-day simple moving average of $24.40.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

An institutional investor recently raised its position in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC grew its stake in CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,094,180 shares of the company’s stock after acquiring an additional 539,791 shares during the period. CoreCommodity Natural Resources ETF comprises 54.6% of CoreCommodity Management LLC’s investment portfolio, making the stock its biggest holding. CoreCommodity Management LLC owned approximately 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 as of its most recent filing with the SEC.

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.