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) was the target of 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 daily volume of 215,743 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the shares of the company are sold short.

SPDR S&P Global Natural Resources ETF Stock Up 1.9%

NYSEARCA GNR opened at $71.20 on Friday. SPDR S&P Global Natural Resources ETF has a 52 week low of $53.44 and a 52 week high of $76.14. The company has a market capitalization of $4.65 billion, a P/E ratio of 16.16 and a beta of 0.61. The stock’s 50-day moving average price is $74.05 and its 200-day moving average price is $70.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. lifted its holdings in SPDR S&P Global Natural Resources ETF by 5.8% during the fourth quarter. First Command Advisory Services Inc. now owns 5,359,762 shares of the company’s stock valued at $333,056,000 after purchasing an additional 292,774 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of SPDR S&P Global Natural Resources ETF during the 4th quarter valued at $155,705,000. Pure Financial Advisors LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 4.5% during the 4th quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after buying an additional 91,337 shares in the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in SPDR S&P Global Natural Resources ETF by 1,026.5% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after buying an additional 1,540,847 shares during the period. Finally, Bank of America Corp DE boosted its holdings in SPDR S&P Global Natural Resources ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after buying an additional 227,633 shares during the period.

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.