SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Shares Shorted: Short Interest Up 1,332.3% in October

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 2,734,297 shares, an increase of 1,332.3% from the September 30th total of 190,900 shares. Based on an average daily volume of 506,770 shares, the short-interest ratio is presently 5.4 days. Approximately 3.9% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Large investors have recently bought and sold shares of the stock. Hedeker Wealth LLC increased its stake in shares of SPDR S&P Global Natural Resources ETF by 0.9% in the second quarter. Hedeker Wealth LLC now owns 14,642 shares of the company’s stock worth $986,000 after buying an additional 132 shares during the period. United Bank raised its holdings in SPDR S&P Global Natural Resources ETF by 1.3% during the 1st quarter. United Bank now owns 10,805 shares of the company’s stock valued at $807,000 after buying an additional 137 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in SPDR S&P Global Natural Resources ETF during the 1st quarter valued at $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in SPDR S&P Global Natural Resources ETF during the 3rd quarter valued at $26,000. Finally, Western Wealth Management LLC purchased a new stake in SPDR S&P Global Natural Resources ETF during the 1st quarter valued at $27,000.

SPDR S&P Global Natural Resources ETF Stock Performance

Shares of GNR stock traded down $0.01 during trading hours on Monday, hitting $75.79. 214,061 shares of the company were exchanged, compared to its average volume of 356,603. The company has a 50 day simple moving average of $76.83 and a two-hundred day simple moving average of $73.11. The firm has a market cap of $5.35 billion, a P/E ratio of 16.16 and a beta of 0.65. SPDR S&P Global Natural Resources ETF has a fifty-two week low of $57.24 and a fifty-two week high of $80.58.

SPDR S&P Global Natural Resources ETF Company Profile

(Get Free Report)

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.

Further Reading

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