SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Stock Short Interest Rises 1,332.3%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,734,297 shares, an increase of 1,332.3% from the September 30th total of 190,900 shares. Based on an average daily volume of 506,770 shares, the days-to-cover ratio is presently 5.4 days. Currently, 3.9% of the company’s stock are short sold.

SPDR S&P Global Natural Resources ETF Price Performance

GNR stock traded down $0.01 on Monday, reaching $75.79. 214,061 shares of the company traded hands, compared to its average volume of 356,603. The company has a market cap of $5.35 billion, a P/E ratio of 16.16 and a beta of 0.65. SPDR S&P Global Natural Resources ETF has a one year low of $57.24 and a one year high of $80.58. The firm has a fifty day simple moving average of $76.83 and a 200-day simple moving average of $73.11.

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

A number of institutional investors and hedge funds 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 about $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in SPDR S&P Global Natural Resources ETF in the 3rd quarter worth approximately $26,000. Western Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter worth approximately $29,000. Finally, Signaturefd LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 3rd quarter worth approximately $39,000.

About SPDR S&P Global Natural Resources ETF

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.