CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Large Volume Increase – Should You Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares saw an uptick in trading volume on Tuesday . 1,890,191 shares traded hands during trading, an increase of 4,617% from the previous session’s volume of 40,073 shares.The stock last traded at $32.5910 and had previously closed at $32.73.

CoreCommodity Natural Resources ETF Trading Up 0.4%

The stock has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $29.47. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Announces Dividend

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

Institutional Trading of CoreCommodity Natural Resources ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $501,000. Goldman Sachs Group Inc. acquired a new position in CoreCommodity Natural Resources ETF during the 1st quarter worth $5,103,000. Finally, Joseph Group Capital Management bought a new stake in CoreCommodity Natural Resources ETF during the second quarter valued at about $11,920,000.

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.