CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Short Interest Up 292.8% in May

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 9,998 shares, a growth of 292.8% from the April 30th total of 2,545 shares. Based on an average daily volume of 8,610 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

CoreCommodity Natural Resources ETF Stock Down 0.1%

Shares of CCNR traded down $0.03 during mid-day trading on Friday, hitting $41.25. 223 shares of the company’s stock were exchanged, compared to its average volume of 39,958. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 12.52 and a beta of 41.17. The firm has a fifty day moving average of $40.50 and a two-hundred day moving average of $37.25. CoreCommodity Natural Resources ETF has a twelve month low of $24.69 and a twelve month high of $43.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CCNR. Goldman Sachs Group Inc. acquired a new position in shares of CoreCommodity Natural Resources ETF during the first quarter valued at about $5,103,000. Royal Bank of Canada acquired a new stake in CoreCommodity Natural Resources ETF during the fourth quarter worth about $639,000. Jane Street Group LLC bought a new position in CoreCommodity Natural Resources ETF during the second quarter valued at about $501,000. OLD Mission Capital LLC increased 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 valued at $912,000 after acquiring an additional 13,195 shares during the period. Finally, LPL Financial LLC acquired a new position in CoreCommodity Natural Resources ETF in the 4th quarter valued at approximately $417,000.

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.