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

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 17,552 shares, a drop of 40.4% from the July 15th total of 29,453 shares. Based on an average daily volume of 6,236 shares, the short-interest ratio is currently 2.8 days. Currently, 0.0% of the company’s shares are short sold.

CoreCommodity Natural Resources ETF Stock Down 0.2%

Shares of NASDAQ CCNR opened at $40.27 on Monday. The business’s 50 day moving average is $38.34 and its two-hundred day moving average is $39.40. CoreCommodity Natural Resources ETF has a 52-week low of $27.49 and a 52-week high of $43.85. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 12.52 and a beta of 38.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Essex Financial Services Inc. purchased a new position in CoreCommodity Natural Resources ETF in the 1st quarter valued at approximately $223,000. MML Investors Services LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF in the fourth quarter valued at $239,000. LPL Financial LLC purchased a new position in CoreCommodity Natural Resources ETF in the fourth quarter valued at $417,000. Jane Street Group LLC acquired a new position in CoreCommodity Natural Resources ETF during the 2nd quarter worth $501,000. Finally, Royal Bank of Canada purchased a new stake in CoreCommodity Natural Resources ETF during the 4th quarter worth 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.