CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Large Volume Increase – Should You Buy?

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw unusually-high trading volume on Tuesday . Approximately 13,403 shares were traded during trading, an increase of 41% from the previous session’s volume of 9,481 shares.The stock last traded at $37.73 and had previously closed at $37.36.

CoreCommodity Natural Resources ETF Price Performance

The company has a market capitalization of $14.38 billion, a P/E ratio of 12.52 and a beta of 30.62. The company has a 50 day moving average of $33.32 and a 200-day moving average of $30.83.

CoreCommodity Natural Resources ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 8th were paid a dividend of $1.1419 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a dividend yield of 358.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCNR. Joseph Group Capital Management purchased a new stake in shares of CoreCommodity Natural Resources ETF in the second quarter worth $11,920,000. Goldman Sachs Group Inc. purchased a new position in shares of CoreCommodity Natural Resources ETF in the 1st quarter worth about $5,103,000. Finally, Jane Street Group LLC bought a new position in CoreCommodity Natural Resources ETF in the 2nd quarter worth about $501,000.

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.