CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Shares Gap Down – Here’s What Happened

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) gapped down before the market opened on Monday . The stock had previously closed at $33.36, but opened at $32.14. CoreCommodity Natural Resources ETF shares last traded at $32.0690, with a volume of 172 shares.

CoreCommodity Natural Resources ETF Stock Down 4.3%

The firm has a fifty day moving average of $31.61 and a 200-day moving average of $28.84. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, December 8th will be issued a dividend of $1.1419 per share. This represents a yield of 357.0%. The ex-dividend date is Monday, December 8th.

Institutional Trading of CoreCommodity Natural Resources ETF

Large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of CoreCommodity Natural Resources ETF during the 2nd quarter worth approximately $501,000. Goldman Sachs Group Inc. purchased a new position in CoreCommodity Natural Resources ETF during the first quarter worth $5,103,000. Finally, Joseph Group Capital Management acquired a new position in shares of CoreCommodity Natural Resources ETF in the second quarter worth $11,920,000.

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.