SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Stock Short Interest Drops 81.3%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 510,139 shares, a decrease of 81.3% from the October 15th total of 2,734,297 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 285,309 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of SPDR S&P Global Natural Resources ETF

A number of institutional investors have recently bought and sold shares of GNR. Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 82,044 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SPDR S&P Global Natural Resources ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after buying an additional 227,633 shares during the last quarter. AMG National Trust Bank raised its stake in shares of SPDR S&P Global Natural Resources ETF by 9.4% during the 3rd quarter. AMG National Trust Bank now owns 849,350 shares of the company’s stock worth $62,826,000 after buying an additional 73,076 shares during the last quarter. Capital Wealth Management LLC purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth about $29,308,000. Finally, Rodgers & Associates LTD purchased a new stake in shares of SPDR S&P Global Natural Resources ETF in the 2nd quarter worth about $26,065,000.

SPDR S&P Global Natural Resources ETF Stock Down 0.6%

NYSEARCA GNR traded down $0.43 during mid-day trading on Thursday, hitting $73.26. The stock had a trading volume of 134,268 shares, compared to its average volume of 352,570. SPDR S&P Global Natural Resources ETF has a 52-week low of $58.04 and a 52-week high of $80.58. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 13.53 and a beta of 0.65. The company has a 50 day simple moving average of $76.03 and a 200 day simple moving average of $73.61.

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.