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

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 8,467 shares, a drop of 78.0% from the July 30th total of 38,534 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 33,935 shares, the days-to-cover ratio is presently 0.2 days.

SPDR S&P North American Natural Resources ETF Trading Up 0.1%

Shares of NANR stock traded up $0.09 on Thursday, hitting $90.18. The stock had a trading volume of 70,262 shares, compared to its average volume of 49,683. SPDR S&P North American Natural Resources ETF has a twelve month low of $61.12 and a twelve month high of $91.57. The company has a fifty day moving average price of $80.72 and a two-hundred day moving average price of $81.87. The firm has a market cap of $843.18 million, a P/E ratio of 18.42 and a beta of 0.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NANR. Cornerstone Planning Group LLC increased its holdings in shares of SPDR S&P North American Natural Resources ETF by 5.2% in the first quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock worth $16,423,000 after acquiring an additional 9,865 shares in the last quarter. Financial Life Planners bought a new position in shares of SPDR S&P North American Natural Resources ETF during the 1st quarter valued at about $72,000. Fiduciary Alliance LLC grew its position in shares of SPDR S&P North American Natural Resources ETF by 7.8% in the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock valued at $5,895,000 after purchasing an additional 5,114 shares during the period. Virtue Capital Management LLC acquired a new position in shares of SPDR S&P North American Natural Resources ETF in the 4th quarter valued at approximately $268,000. Finally, Captrust Financial Advisors bought a new stake in SPDR S&P North American Natural Resources ETF during the 4th quarter worth approximately $524,000.

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.