CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Significant Increase in Short Interest

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,545 shares, a growth of 205.5% from the April 15th total of 833 shares. Based on an average daily volume of 6,110 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

CoreCommodity Natural Resources ETF Trading Down 1.4%

CCNR stock traded down $0.58 on Friday, hitting $41.38. The company had a trading volume of 1,926 shares, compared to its average volume of 42,012. CoreCommodity Natural Resources ETF has a 12-month low of $24.31 and a 12-month high of $43.85. The stock’s 50-day simple moving average is $40.09 and its 200 day simple moving average is $36.60. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 12.52 and a beta of 41.17.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCNR. Essex Financial Services Inc. purchased a new position in shares of CoreCommodity Natural Resources ETF during the 1st quarter worth about $223,000. MML Investors Services LLC purchased a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter worth about $239,000. LPL Financial LLC purchased a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter worth about $417,000. Jane Street Group LLC purchased a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter worth about $501,000. Finally, Royal Bank of Canada purchased a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter worth about $639,000.

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.