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

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 8,113 shares, a growth of 107.4% from the May 14th total of 3,911 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 25,327 shares, the short-interest ratio is currently 0.3 days.

SPDR S&P North American Natural Resources ETF Price Performance

Shares of NANR stock traded up $1.44 on Friday, hitting $80.58. 11,880 shares of the stock traded hands, compared to its average volume of 58,385. The firm has a market cap of $769.54 million, a price-to-earnings ratio of 18.42 and a beta of 0.56. SPDR S&P North American Natural Resources ETF has a 52 week low of $56.11 and a 52 week high of $86.58. The firm has a 50 day simple moving average of $82.86 and a two-hundred day simple moving average of $78.29.

Institutional Trading of SPDR S&P North American Natural Resources ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in SPDR S&P North American Natural Resources ETF in the 1st quarter valued at $72,000. Jones Financial Companies Lllp increased its holdings in SPDR S&P North American Natural Resources ETF by 12.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after acquiring an additional 912 shares during the last quarter. Horizon Investments LLC increased its holdings in SPDR S&P North American Natural Resources ETF by 17.1% in the 4th quarter. Horizon Investments LLC now owns 8,372 shares of the company’s stock valued at $568,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in SPDR S&P North American Natural Resources ETF in the 3rd quarter valued at $204,000.

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.