SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Shares Shorted: Short Interest Down 62.9% in September

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 190,900 shares, a decline of 62.9% from the September 15th total of 514,111 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 577,198 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in SPDR S&P Global Natural Resources ETF by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock valued at $333,592,000 after acquiring an additional 82,044 shares in the last quarter. Pure Financial Advisors LLC raised its stake in shares of SPDR S&P Global Natural Resources ETF by 4.5% during the fourth quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after purchasing an additional 91,337 shares during the period. Bank of America Corp DE lifted its position in shares of SPDR S&P Global Natural Resources ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after purchasing an additional 227,633 shares in the last quarter. AMG National Trust Bank lifted its position in shares of SPDR S&P Global Natural Resources ETF by 8.3% during the first quarter. AMG National Trust Bank now owns 716,030 shares of the company’s stock worth $53,466,000 after purchasing an additional 54,612 shares in the last quarter. Finally, Cambridge Associates LLC MA ADV lifted its position in shares of SPDR S&P Global Natural Resources ETF by 51.3% during the fourth quarter. Cambridge Associates LLC MA ADV now owns 495,844 shares of the company’s stock worth $30,812,000 after purchasing an additional 168,097 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Trading Up 1.0%

Shares of SPDR S&P Global Natural Resources ETF stock traded up $0.73 during trading hours on Tuesday, reaching $76.57. 74,826 shares of the company’s stock were exchanged, compared to its average volume of 340,321. SPDR S&P Global Natural Resources ETF has a 52-week low of $57.24 and a 52-week high of $80.58. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 16.16 and a beta of 0.65. The company has a fifty day moving average of $76.61 and a 200-day moving average of $73.76.

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.