Short Interest in CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Expands By 49.5%

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 26,239 shares, an increase of 49.5% from the July 30th total of 17,552 shares. Based on an average trading volume of 7,510 shares, the short-interest ratio is currently 3.5 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

Several large investors have recently modified their holdings of CCNR. Goldman Sachs Group Inc. bought a new stake in shares of CoreCommodity Natural Resources ETF during the 1st quarter worth about $5,103,000. OLD Mission Capital LLC raised its holdings in CoreCommodity Natural Resources ETF by 90.1% in the 4th quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after acquiring an additional 13,195 shares during the period. Royal Bank of Canada bought a new position in CoreCommodity Natural Resources ETF in the 4th quarter valued at about $639,000. Jane Street Group LLC bought a new position in CoreCommodity Natural Resources ETF in the 2nd quarter valued at about $501,000. Finally, LPL Financial LLC acquired a new stake in CoreCommodity Natural Resources ETF during the fourth quarter worth approximately $417,000.

CoreCommodity Natural Resources ETF Price Performance

CoreCommodity Natural Resources ETF stock traded up $0.03 during mid-day trading on Tuesday, hitting $41.77. 4,548 shares of the company’s stock traded hands, compared to its average volume of 37,105. The firm has a 50 day simple moving average of $38.86 and a two-hundred day simple moving average of $39.67. CoreCommodity Natural Resources ETF has a fifty-two week low of $28.74 and a fifty-two week high of $43.85. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 12.52 and a beta of 38.15.

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.