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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 114,801 shares, a decline of 47.1% from the June 30th total of 216,953 shares. Based on an average daily volume of 298,187 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

SPDR S&P Global Natural Resources ETF Stock Up 0.6%

Shares of GNR stock traded up $0.41 during trading hours on Wednesday, reaching $71.75. The company’s stock had a trading volume of 239,270 shares, compared to its average volume of 343,014. SPDR S&P Global Natural Resources ETF has a fifty-two week low of $53.92 and a fifty-two week high of $76.14. The firm’s 50 day simple moving average is $70.47 and its 200-day simple moving average is $71.79. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.16 and a beta of 0.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNR. AQR Capital Management LLC grew its stake in shares of SPDR S&P Global Natural Resources ETF by 211.2% in the first quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock worth $1,392,000 after purchasing an additional 17,737 shares during the last quarter. Cerity Partners LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 2.4% during the second quarter. Cerity Partners LLC now owns 76,815 shares of the company’s stock worth $4,166,000 after acquiring an additional 1,785 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 363.8% in the second quarter. The Manufacturers Life Insurance Company now owns 39,111 shares of the company’s stock worth $2,121,000 after acquiring an additional 30,679 shares during the period. Raymond James Financial Inc. boosted its holdings in SPDR S&P Global Natural Resources ETF by 1.8% in the second quarter. Raymond James Financial Inc. now owns 468,126 shares of the company’s stock valued at $25,391,000 after acquiring an additional 8,393 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in SPDR S&P Global Natural Resources ETF by 226.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 116,098 shares of the company’s stock valued at $6,298,000 after purchasing an additional 80,526 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.