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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a large decline in short interest in the month of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 298,187 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of institutional investors have recently modified their holdings of GNR. United Bank increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 1.3% during the first quarter. United Bank now owns 10,805 shares of the company’s stock valued at $807,000 after acquiring an additional 137 shares in the last quarter. Redwood Park Advisors LLC lifted its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.2% in the 4th quarter. Redwood Park Advisors LLC now owns 11,117 shares of the company’s stock worth $691,000 after purchasing an additional 244 shares in the last quarter. Signaturefd LLC grew its position in SPDR S&P Global Natural Resources ETF by 166.7% in the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. Sequoia Financial Advisors LLC grew its position in SPDR S&P Global Natural Resources ETF by 2.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,132 shares of the company’s stock valued at $692,000 after purchasing an additional 281 shares during the period. Finally, Summit Financial LLC grew its position in SPDR S&P Global Natural Resources ETF by 0.4% in the 4th quarter. Summit Financial LLC now owns 80,865 shares of the company’s stock valued at $5,025,000 after purchasing an additional 298 shares during the period.

SPDR S&P Global Natural Resources ETF Price Performance

NYSEARCA GNR traded down $0.78 on Friday, reaching $72.38. The stock had a trading volume of 300,148 shares, compared to its average volume of 341,264. The firm has a fifty day moving average of $70.42 and a two-hundred day moving average of $71.85. SPDR S&P Global Natural Resources ETF has a 1-year low of $53.92 and a 1-year high of $76.14. The company has a market cap of $4.79 billion, a P/E ratio of 16.16 and a beta of 0.63.

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.