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

Shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) saw strong trading volume on Monday . 210,042 shares changed hands during mid-day 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 Stock Performance

The stock has a market capitalization of $8.70 billion and a price-to-earnings ratio of 12.38. The business has a fifty day simple moving average of $24.07 and a 200 day simple moving average of $24.41.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

A hedge fund recently raised its stake in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC grew its holdings in shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,094,180 shares of the company’s stock after purchasing an additional 539,791 shares during the period. CoreCommodity Natural Resources ETF comprises 54.6% of CoreCommodity Management LLC’s holdings, making the stock its largest holding. CoreCommodity Management LLC owned 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 as of its most recent SEC filing.

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.