CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sees Strong Trading Volume – Still a Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares saw an uptick in trading volume on Monday . 210,042 shares traded hands during trading, an increase of 466% from the previous session’s volume of 37,099 shares.The stock last traded at $23.89 and had previously closed at $24.33.

CoreCommodity Natural Resources ETF Trading Up 0.4 %

The stock has a market cap of $8.73 billion and a P/E ratio of 12.38. The business has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $24.41.

Institutional Trading of CoreCommodity Natural Resources ETF

An institutional investor recently raised its position in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC raised its position in CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,094,180 shares of the company’s stock after purchasing an additional 539,791 shares during the period. CoreCommodity Natural Resources ETF accounts for approximately 54.6% of CoreCommodity Management LLC’s portfolio, making the stock its largest position. CoreCommodity Management LLC owned 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 at the end of the most recent reporting period.

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.