FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Short Interest Update

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 70,313 shares, a drop of 78.0% from the April 15th total of 320,196 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 569,685 shares, the days-to-cover ratio is currently 0.1 days.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Performance

Shares of NYSEARCA:GUNR traded up $0.15 during mid-day trading on Wednesday, hitting $55.86. 285,423 shares of the company traded hands, compared to its average volume of 631,372. The firm has a market cap of $7.63 billion, a P/E ratio of 16.05 and a beta of 0.55. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 52-week low of $38.53 and a 52-week high of $56.35. The firm’s 50 day simple moving average is $54.58 and its 200 day simple moving average is $50.11.

Institutional Investors Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund

Several hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 1st quarter worth approximately $184,000. Fifth Third Securities Inc. purchased a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 4th quarter worth approximately $204,000. Jones Financial Companies Lllp increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 15.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 5,686 shares of the company’s stock worth $249,000 after purchasing an additional 754 shares during the last quarter. Carter Financial Group INC. increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% during the 1st quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock worth $279,000 after purchasing an additional 203 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 13.0% during the 1st quarter. Bank of New York Mellon Corp now owns 5,105 shares of the company’s stock worth $282,000 after purchasing an additional 587 shares during the last quarter.

About FlexShares Morningstar Global Upstream Natural Resources Index Fund

The FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that operate, manage or produce natural resources in energy, agriculture, metals, timber or water. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.