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

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw unusually-high trading volume on Friday. Approximately 548,730 shares traded hands during trading, an increase of 1,633% from the average daily volume of 31,672 shares. The stock last traded at $36.5140 and had previously closed at $37.21.

CoreCommodity Natural Resources ETF Stock Performance

The firm’s 50 day moving average is $39.06 and its 200-day moving average is $39.46. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 12.97 and a beta of 38.27.

Institutional Trading of CoreCommodity Natural Resources ETF

Large investors have recently made changes to their positions in the stock. Joseph Group Capital Management boosted its stake in shares of CoreCommodity Natural Resources ETF by 5.2% during the 3rd quarter. Joseph Group Capital Management now owns 466,532 shares of the company’s stock worth $17,997,000 after acquiring an additional 22,963 shares in the last quarter. Wavvest Wealth LLC acquired a new position in shares of CoreCommodity Natural Resources ETF during the 3rd quarter valued at about $368,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter valued at about $71,000.

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.