Core Alternative ETF (NYSEARCA:CCOR) Sees Significant Drop in Short Interest

Core Alternative ETF (NYSEARCA:CCORGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,377 shares, a drop of 42.4% from the May 31st total of 5,865 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 4,585 shares, the short-interest ratio is presently 0.7 days.

Core Alternative ETF Price Performance

Shares of NYSEARCA CCOR traded up $0.21 during mid-day trading on Wednesday, hitting $25.54. The company’s stock had a trading volume of 2,244 shares, compared to its average volume of 5,970. The stock has a market cap of $27.07 million, a price-to-earnings ratio of 22.20 and a beta of 0.13. Core Alternative ETF has a one year low of $25.00 and a one year high of $27.70. The company’s fifty day simple moving average is $25.57 and its 200-day simple moving average is $26.26.

Hedge Funds Weigh In On Core Alternative ETF

A hedge fund recently bought a new stake in Core Alternative ETF stock. Sound Income Strategies LLC acquired a new stake in Core Alternative ETF (NYSEARCA:CCORFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,722 shares of the company’s stock, valued at approximately $46,000. Sound Income Strategies LLC owned about 0.12% of Core Alternative ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Core Alternative ETF

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The Core Alternative ETF (CCOR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR was launched on May 24, 2017 and is managed by Core Alternative.

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