Short Interest in CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Grows By 119.0%

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 57,469 shares, an increase of 119.0% from the August 15th total of 26,239 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 20,804 shares, the short-interest ratio is currently 2.8 days.

CoreCommodity Natural Resources ETF Price Performance

NASDAQ:CCNR traded down $0.49 during midday trading on Monday, reaching $40.98. 5,250 shares of the company traded hands, compared to its average volume of 35,734. CoreCommodity Natural Resources ETF has a twelve month low of $29.57 and a twelve month high of $43.85. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 12.52 and a beta of 41.75. The company has a fifty day moving average price of $39.73 and a 200 day moving average price of $39.83.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new position in shares of CoreCommodity Natural Resources ETF during the first quarter worth about $5,103,000. Jane Street Group LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 2nd quarter worth about $501,000. LPL Financial LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 4th quarter worth about $417,000. MML Investors Services LLC bought a new stake in CoreCommodity Natural Resources ETF in the 4th quarter valued at about $239,000. Finally, Royal Bank of Canada bought a new stake in CoreCommodity Natural Resources ETF in the 4th quarter valued at about $639,000.

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.