SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Significant Decrease in Short Interest

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 290,190 shares, a drop of 36.3% from the May 31st total of 455,579 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 235,471 shares, the days-to-cover ratio is presently 1.2 days.

SPDR S&P Global Natural Resources ETF Stock Performance

Shares of SPDR S&P Global Natural Resources ETF stock traded up $1.10 during trading on Thursday, hitting $67.85. 85,574 shares of the stock were exchanged, compared to its average volume of 358,174. The stock’s fifty day moving average is $72.39 and its 200 day moving average is $70.78. The stock has a market cap of $4.52 billion, a PE ratio of 16.16 and a beta of 0.63. SPDR S&P Global Natural Resources ETF has a 12 month low of $53.92 and a 12 month high of $76.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prairiewood Capital LLC boosted its position in shares of SPDR S&P Global Natural Resources ETF by 5.3% during the fourth quarter. Prairiewood Capital LLC now owns 255,519 shares of the company’s stock worth $15,878,000 after buying an additional 12,800 shares during the period. Asempa Wealth Advisors acquired a new stake in SPDR S&P Global Natural Resources ETF in the 4th quarter valued at approximately $491,000. Pure Financial Advisors LLC increased its position in SPDR S&P Global Natural Resources ETF by 4.5% in the 4th quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after acquiring an additional 91,337 shares during the period. M&T Bank Corp raised its stake in SPDR S&P Global Natural Resources ETF by 3,019.5% during the 4th quarter. M&T Bank Corp now owns 123,251 shares of the company’s stock valued at $7,659,000 after acquiring an additional 119,300 shares in the last quarter. Finally, AMG National Trust Bank raised its stake in SPDR S&P Global Natural Resources ETF by 19.4% during the 4th quarter. AMG National Trust Bank now owns 661,418 shares of the company’s stock valued at $41,101,000 after acquiring an additional 107,652 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Company Profile

The SPDR S&P Global Natural Resources ETF (GNR) is an exchange-traded fund that is based on the S&P Global Natural Resources index. The fund tracks an index of global companies in natural resources and\u002For commodity businesses. GNR was launched on Sep 13, 2010 and is managed by State Street.