CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Unusually-High Trading Volume – Still a Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw an uptick in trading volume on Thursday . Approximately 25,025 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 37,922 shares.The stock last traded at $41.48 and had previously closed at $40.40.

CoreCommodity Natural Resources ETF Stock Up 1.3%

The stock has a fifty day moving average of $38.43 and a two-hundred day moving average of $39.45. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 12.52 and a beta of 38.15.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

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

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.