Short Interest in SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Drops By 42.0%

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 19,966 shares, a decrease of 42.0% from the December 31st total of 34,411 shares. Based on an average daily volume of 38,752 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 38,752 shares, the short-interest ratio is currently 0.5 days.

SPDR S&P North American Natural Resources ETF Stock Down 3.8%

Shares of SPDR S&P North American Natural Resources ETF stock traded down $3.01 on Friday, reaching $76.45. 49,078 shares of the stock were exchanged, compared to its average volume of 55,958. SPDR S&P North American Natural Resources ETF has a twelve month low of $46.37 and a twelve month high of $81.69. The business has a 50 day moving average price of $70.19 and a two-hundred day moving average price of $64.79. The firm has a market capitalization of $856.23 million, a price-to-earnings ratio of 18.42 and a beta of 0.75.

Institutional Trading of SPDR S&P North American Natural Resources ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NANR. Fiduciary Alliance LLC raised its holdings in shares of SPDR S&P North American Natural Resources ETF by 30.7% during the fourth quarter. Fiduciary Alliance LLC now owns 65,744 shares of the company’s stock worth $4,459,000 after purchasing an additional 15,450 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in SPDR S&P North American Natural Resources ETF during the 4th quarter worth about $287,000. Atlantic Union Bankshares Corp purchased a new position in shares of SPDR S&P North American Natural Resources ETF during the 2nd quarter valued at about $195,000. Triumph Capital Management acquired a new position in shares of SPDR S&P North American Natural Resources ETF in the 3rd quarter valued at about $204,000. Finally, Horizon Investments LLC lifted its holdings in shares of SPDR S&P North American Natural Resources ETF by 46.3% in the 3rd quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock valued at $462,000 after buying an additional 2,265 shares during the period.

About SPDR S&P North American Natural Resources ETF

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.