SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Significant Decrease in Short Interest

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 290,190 shares, a decline of 36.3% from the May 31st total of 455,579 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 235,471 shares, the short-interest ratio is presently 1.2 days.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised 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 acquiring an additional 250 shares in the last quarter. International Assets Investment Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF in the first quarter worth approximately $25,000. Western Wealth Management LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the 1st quarter worth $27,000. Qube Research & Technologies Ltd acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the 3rd quarter worth $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of SPDR S&P Global Natural Resources ETF during the 1st quarter valued at $29,000.

SPDR S&P Global Natural Resources ETF Stock Up 1.6%

Shares of GNR stock traded up $1.10 during trading hours on Thursday, reaching $67.85. 85,574 shares of the stock traded hands, compared to its average volume of 358,174. SPDR S&P Global Natural Resources ETF has a 1-year low of $53.92 and a 1-year high of $76.14. The firm has a market capitalization of $4.52 billion, a PE ratio of 16.16 and a beta of 0.63. The business has a fifty day moving average price of $72.39 and a 200 day moving average price of $70.78.

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.