Core Alternative ETF (NYSEARCA:CCOR) Short Interest Down 56.1% in April

Core Alternative ETF (NYSEARCA:CCOR) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 14,078 shares, a decline of 56.1% from the April 15th total of 32,097 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 8,648 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On Core Alternative ETF

A hedge fund recently bought a new stake in Core Alternative ETF stock. Sound Income Strategies LLC purchased a new stake in Core Alternative ETF (NYSEARCA:CCOR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,722 shares of the company’s stock, valued at approximately $46,000. Sound Income Strategies LLC owned approximately 0.12% of Core Alternative ETF as of its most recent SEC filing.

Core Alternative ETF Price Performance

NYSEARCA:CCOR remained flat at $25.49 on Friday. 16,974 shares of the company’s stock were exchanged, compared to its average volume of 6,851. The firm has a market cap of $27.02 million, a P/E ratio of 22.20 and a beta of 0.14. Core Alternative ETF has a 52-week low of $25.36 and a 52-week high of $27.70. The stock’s fifty day simple moving average is $26.02 and its two-hundred day simple moving average is $26.40.

About Core Alternative ETF

The Core Alternative ETF (CCOR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR was launched on May 24, 2017 and is managed by Core Alternative.