FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Short Interest Declines 70.9%

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 342,428 shares, a decline of 70.9% from the September 30th total of 1,176,781 shares. Based on an average daily volume of 369,827 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of FlexShares Morningstar Global Upstream Natural Resources Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC bought a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the first quarter worth about $61,000. Trust Co. of Vermont bought a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund in the second quarter valued at approximately $65,000. NewEdge Advisors LLC boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 22.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,470 shares of the company’s stock worth $122,000 after acquiring an additional 453 shares in the last quarter. Vestor Capital LLC boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% in the 1st quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock worth $155,000 after acquiring an additional 199 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 1st quarter worth approximately $184,000.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Down 0.8%

GUNR stock traded down $0.45 during trading on Friday, reaching $53.29. 203,554 shares of the stock were exchanged, compared to its average volume of 532,755. The stock has a 50 day simple moving average of $54.94 and a 200-day simple moving average of $53.46. The company has a market capitalization of $6.98 billion, a P/E ratio of 16.05 and a beta of 0.58. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a twelve month low of $42.53 and a twelve month high of $58.07.

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.