We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, Core Alternative ETF (CCOR - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 13.9% from its 52-week low price of $24.69/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
CCOR in Focus
The Core Alternative ETF utilizes a combination of several strategies in aiming to produce capital appreciation while reducing risk exposure across market conditions. The product charges 118 bps in annual fees (See: All Style Box - Large Cap Blend here).
Why the Move?
U.S. stocks witnessed a bloodbath earlier this month following President Donald Trump’s announcement of sweeping 10% tariffs on all U.S. trading partners, with even steeper levies for countries running trade deficits with the United States.
Against this backdrop, in a surprising development in the tariff saga, Trump announced on April 9 a temporary reduction in tariff rates for most countries to 10% for 90 days, triggering a historic surge across U.S. markets.
Image: Bigstock
Large-Cap Blend ETF (CCOR) Hit a New 52-Week High
For investors seeking momentum, Core Alternative ETF (CCOR - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 13.9% from its 52-week low price of $24.69/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
CCOR in Focus
The Core Alternative ETF utilizes a combination of several strategies in aiming to produce capital appreciation while reducing risk exposure across market conditions. The product charges 118 bps in annual fees (See: All Style Box - Large Cap Blend here).
Why the Move?
U.S. stocks witnessed a bloodbath earlier this month following President Donald Trump’s announcement of sweeping 10% tariffs on all U.S. trading partners, with even steeper levies for countries running trade deficits with the United States.
Against this backdrop, in a surprising development in the tariff saga, Trump announced on April 9 a temporary reduction in tariff rates for most countries to 10% for 90 days, triggering a historic surge across U.S. markets.
As a result, stocks witnessed one of their largest single-day gains since World War II. As a part of this rally, CCOR surged on April 9.
More Gains Ahead?
The ETF CCOR might continue its strong performance in the near term, with a positive weighted alpha of 11.27, which gives cues of a further rally.