FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Short Interest Up 406.2% in June

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 756,810 shares, an increase of 406.2% from the June 15th total of 149,519 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 663,025 shares, the days-to-cover ratio is currently 1.1 days.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

Shares of GUNR stock opened at $50.12 on Friday. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a one year low of $39.97 and a one year high of $56.35. The company’s fifty day moving average price is $52.55 and its 200-day moving average price is $52.34. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.05 and a beta of 0.55.

Hedge Funds Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund

Hedge funds have recently made changes to their positions in the business. Vestor Capital LLC grew its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% during the first quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock worth $155,000 after purchasing an additional 199 shares in the last quarter. Carter Financial Group INC. lifted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% in the 1st quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock worth $279,000 after purchasing an additional 203 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,105 shares of the company’s stock worth $282,000 after purchasing an additional 587 shares in the last quarter. Bessemer Group Inc. boosted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.4% in the 1st quarter. Bessemer Group Inc. now owns 193,462 shares of the company’s stock worth $10,672,000 after purchasing an additional 789 shares during the period. Finally, Farmers National Bank boosted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.3% in the 4th quarter. Farmers National Bank now owns 278,365 shares of the company’s stock worth $12,763,000 after purchasing an additional 832 shares during the period.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

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.