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

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

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

A number of hedge funds have recently modified their holdings of CCNR. Goldman Sachs Group Inc. acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 1st quarter worth approximately $5,103,000. Royal Bank of Canada acquired a new stake in CoreCommodity Natural Resources ETF in the fourth quarter worth about $639,000. Jane Street Group LLC bought a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter worth about $501,000. OLD Mission Capital LLC raised its holdings in shares of CoreCommodity Natural Resources ETF by 90.1% in the 4th quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after purchasing an additional 13,195 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of CoreCommodity Natural Resources ETF in the fourth quarter valued at approximately $417,000.

CoreCommodity Natural Resources ETF Price Performance

Shares of CoreCommodity Natural Resources ETF stock traded down $0.19 during trading on Thursday, hitting $41.97. 2,035 shares of the stock were exchanged, compared to its average volume of 42,433. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 12.52 and a beta of 41.17. The firm’s 50-day moving average price is $40.01 and its 200 day moving average price is $36.50. CoreCommodity Natural Resources ETF has a 12-month low of $24.31 and a 12-month high of $43.85.

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.