CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Gap Down – Here’s Why

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) gapped down before the market opened on Wednesday . The stock had previously closed at $40.10, but opened at $38.19. CoreCommodity Natural Resources ETF shares last traded at $39.96, with a volume of 3,440 shares.

CoreCommodity Natural Resources ETF Stock Performance

The firm’s 50-day moving average price is $38.89 and its two-hundred day moving average price is $34.48. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62.

Institutional Trading of CoreCommodity Natural Resources ETF

Hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC increased its holdings in shares of 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 buying an additional 13,195 shares during the last quarter. Royal Bank of Canada acquired 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 worth approximately $239,000. LPL Financial LLC acquired a new stake in CoreCommodity Natural Resources ETF during the fourth quarter worth $417,000. Finally, Jane Street Group LLC purchased a new stake in CoreCommodity Natural Resources ETF in the second quarter valued at $501,000.

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.