Short Interest in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Drops By 56.9%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 455,579 shares, a decline of 56.9% from the May 14th total of 1,057,749 shares. Based on an average trading volume of 215,743 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the shares of the company are sold short.

SPDR S&P Global Natural Resources ETF Stock Performance

SPDR S&P Global Natural Resources ETF stock opened at $71.20 on Friday. SPDR S&P Global Natural Resources ETF has a one year low of $53.44 and a one year high of $76.14. The stock has a fifty day moving average of $74.05 and a 200 day moving average of $70.00. The stock has a market cap of $4.65 billion, a PE ratio of 16.16 and a beta of 0.61.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Several institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF during the first quarter valued at approximately $25,000. Western Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the first quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the 1st quarter worth $29,000. Signaturefd LLC grew its position in shares of SPDR S&P Global Natural Resources ETF by 166.7% during the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter valued at $28,000.

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.