CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Strong Trading Volume – Time to Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNRGet Free Report) saw strong trading volume on Tuesday . 13,403 shares changed hands during mid-day 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 stock has a market capitalization of $15.00 billion, a PE ratio of 12.52 and a beta of 30.62. The company has a 50 day moving average price of $33.76 and a 200-day moving average price of $31.01.

CoreCommodity Natural Resources ETF Announces Dividend

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

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of CoreCommodity Natural Resources ETF during the second quarter valued at about $501,000. Goldman Sachs Group Inc. bought a new stake in CoreCommodity Natural Resources ETF during the 1st quarter valued at approximately $5,103,000. Finally, Joseph Group Capital Management bought a new stake in CoreCommodity Natural Resources ETF during the 2nd quarter valued at approximately $11,920,000.

About CoreCommodity Natural Resources ETF

(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.

Further Reading

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