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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,057,749 shares, an increase of 190.2% from the April 30th total of 364,476 shares. Based on an average daily volume of 329,207 shares, the short-interest ratio is presently 3.2 days. Approximately 1.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in SPDR S&P Global Natural Resources ETF by 2,450.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,646,650 shares of the company’s stock worth $275,128,000 after buying an additional 4,464,453 shares during the period. Schroder Investment Management Group acquired a new position in SPDR S&P Global Natural Resources ETF during the 4th quarter worth about $155,705,000. Oxford Financial Group LTD. LLC lifted its holdings in SPDR S&P Global Natural Resources ETF by 1,026.5% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after buying an additional 1,540,847 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR S&P Global Natural Resources ETF by 2,951.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 354,574 shares of the company’s stock worth $22,033,000 after buying an additional 342,954 shares during the period. Finally, First Command Advisory Services Inc. lifted its holdings in SPDR S&P Global Natural Resources ETF by 5.8% during the 4th quarter. First Command Advisory Services Inc. now owns 5,359,762 shares of the company’s stock worth $333,056,000 after buying an additional 292,774 shares during the period.

SPDR S&P Global Natural Resources ETF Price Performance

NYSEARCA GNR opened at $73.55 on Monday. SPDR S&P Global Natural Resources ETF has a twelve month low of $52.50 and a twelve month high of $76.14. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 16.16 and a beta of 0.63. The business’s fifty day moving average is $74.06 and its 200 day moving average is $69.21.

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.