Core Alternative ETF (NYSEARCA:CCOR) Sees Significant Growth in Short Interest

Core Alternative ETF (NYSEARCA:CCOR) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,709 shares, an increase of 98.7% from the June 15th total of 3,377 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 2,457 shares, the short-interest ratio is currently 2.7 days.

Core Alternative ETF Stock Performance

NYSEARCA:CCOR opened at $26.16 on Friday. The firm’s 50-day moving average is $25.63 and its 200-day moving average is $26.23. Core Alternative ETF has a 52-week low of $25.00 and a 52-week high of $27.70. The company has a market cap of $27.73 million, a price-to-earnings ratio of 22.20 and a beta of 0.13.

Institutional Investors Weigh In On Core Alternative ETF

An institutional investor recently bought a new stake in Core Alternative ETF stock. Sound Income Strategies LLC purchased a new stake in Core Alternative ETF (NYSEARCA:CCOR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 Company Profile

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.