Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES) Trading Down 1.7% – Here’s Why

Xtrackers RREEF Global Natural Resources ETF (NASDAQ:NRES)’s stock price dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $33.65 and last traded at $33.65. Approximately 306 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 2,973 shares. The stock had previously closed at $34.22.

Xtrackers RREEF Global Natural Resources ETF Stock Performance

The firm has a fifty day simple moving average of $33.46 and a 200 day simple moving average of $29.87. The company has a market capitalization of $37.69 million, a PE ratio of 15.81 and a beta of 0.47.

Xtrackers RREEF Global Natural Resources ETF Company Profile

The Xtrackers RREEF Global Natural Resources ETF (NRES) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in equity and equity-related securities of companies within the global natural resources sector. The fund aims for capital growth and income generation NRES was launched on Feb 27, 2024 and is issued by Xtrackers.