SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Significant Increase in Short Interest

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 42,128 shares, an increase of 197.6% from the September 30th total of 14,158 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 33,006 shares, the short-interest ratio is currently 1.3 days.

SPDR S&P North American Natural Resources ETF Price Performance

NANR opened at $86.83 on Friday. The company’s 50 day simple moving average is $87.99 and its two-hundred day simple moving average is $82.84. SPDR S&P North American Natural Resources ETF has a 1-year low of $61.40 and a 1-year high of $92.21. The firm has a market capitalization of $830.96 million, a price-to-earnings ratio of 18.42 and a beta of 0.63.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwind Capital acquired a new stake in shares of SPDR S&P North American Natural Resources ETF in the 3rd quarter worth $2,274,000. Cornerstone Planning Group LLC boosted its position in shares of SPDR S&P North American Natural Resources ETF by 5.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock valued at $16,423,000 after acquiring an additional 9,865 shares during the last quarter. Financial Life Planners acquired a new position in shares of SPDR S&P North American Natural Resources ETF during the 1st quarter valued at about $72,000. Finally, Root Financial Partners LLC purchased a new stake in shares of SPDR S&P North American Natural Resources ETF in the third quarter valued at about $70,000.

About SPDR S&P North American Natural Resources ETF

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.