SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw unusually-strong trading volume on Friday . Approximately 327,882 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 377,594 shares.The stock last traded at $72.50 and had previously closed at $73.87.

SPDR S&P Global Natural Resources ETF Price Performance

The firm has a market cap of $4.69 billion, a PE ratio of 16.16 and a beta of 0.61. The firm has a 50-day simple moving average of $74.28 and a 200 day simple moving average of $69.58.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GNR. Signaturefd LLC lifted its position in SPDR S&P Global Natural Resources ETF by 166.7% during the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $25,000 after buying an additional 250 shares during the period. International Assets Investment Management LLC purchased a new position in SPDR S&P Global Natural Resources ETF during the first quarter valued at $25,000. Western Wealth Management LLC purchased a new position in SPDR S&P Global Natural Resources ETF during the first quarter valued at $27,000. Qube Research & Technologies Ltd purchased a new position in SPDR S&P Global Natural Resources ETF during the third quarter valued at $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in SPDR S&P Global Natural Resources ETF during the first quarter valued at $29,000.

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.