CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Large Increase in Short Interest

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 2,545 shares, a growth of 205.5% from the April 15th total of 833 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 6,110 shares, the short-interest ratio is presently 0.4 days.

CoreCommodity Natural Resources ETF Trading Down 0.5%

NASDAQ CCNR traded down $0.19 during midday trading on Thursday, hitting $41.97. The company had a trading volume of 2,035 shares, compared to its average volume of 42,433. The company has a market capitalization of $17.29 billion, a PE ratio of 12.52 and a beta of 41.17. The firm has a 50-day moving average price of $40.01 and a 200-day moving average price of $36.50. CoreCommodity Natural Resources ETF has a twelve month low of $24.31 and a twelve month high of $43.85.

Institutional Trading of CoreCommodity Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in CoreCommodity Natural Resources ETF in the 1st quarter worth about $5,103,000. OLD Mission Capital LLC grew its position 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 worth $912,000 after purchasing an additional 13,195 shares in the last quarter. Royal Bank of Canada bought a new stake in CoreCommodity Natural Resources ETF in the 4th quarter worth about $639,000. LPL Financial LLC bought a new stake in CoreCommodity Natural Resources ETF in the 4th quarter worth about $417,000. Finally, Jane Street Group LLC bought a new stake in CoreCommodity Natural Resources ETF in the 2nd quarter worth about $501,000.

About CoreCommodity Natural Resources ETF

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.