CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Unusually-High Trading Volume – Here’s Why

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw unusually-strong trading volume on Friday . Approximately 91,501 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 41,189 shares.The stock last traded at $41.10 and had previously closed at $41.37.

CoreCommodity Natural Resources ETF Stock Performance

The company has a market cap of $16.34 billion, a PE ratio of 12.52 and a beta of 41.17. The stock has a 50 day moving average of $40.29 and a 200-day moving average of $36.90.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in CoreCommodity Natural Resources ETF in the 4th quarter worth $417,000. Jane Street Group LLC purchased a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter valued at about $501,000. Goldman Sachs Group Inc. purchased a new position in shares of CoreCommodity Natural Resources ETF during the 1st quarter valued at about $5,103,000. OLD Mission Capital LLC raised its stake 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 valued at $912,000 after buying an additional 13,195 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of CoreCommodity Natural Resources ETF during the 4th quarter valued at 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.