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

CoreCommodity Natural Resources ETF (NASDAQ:CCNRGet Free Report) saw strong trading volume on Thursday . 25,025 shares changed hands during trading, a decline of 34% from the previous session’s volume of 37,922 shares.The stock last traded at $41.48 and had previously closed at $40.40.

CoreCommodity Natural Resources ETF Trading Up 1.3%

The business has a 50 day simple moving average of $38.43 and a 200-day simple moving average of $39.45. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 12.52 and a beta of 38.15.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

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

CoreCommodity Natural Resources ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for CoreCommodity Natural Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCommodity Natural Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.