FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sees Large Increase in Short Interest

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,412,150 shares, an increase of 89.5% from the February 26th total of 745,317 shares. Based on an average daily volume of 679,150 shares, the short-interest ratio is currently 2.1 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund

Large investors have recently modified their holdings of the business. Farmers National Bank raised its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.3% in the fourth quarter. Farmers National Bank now owns 278,365 shares of the company’s stock valued at $12,763,000 after buying an additional 832 shares during the last quarter. Align Financial LLC acquired a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the fourth quarter worth about $8,541,000. Douglass Winthrop Advisors LLC grew its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.6% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 16,466 shares of the company’s stock valued at $755,000 after acquiring an additional 877 shares in the last quarter. Rossby Financial LCC purchased a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 4th quarter valued at about $451,000. Finally, IAG Wealth Partners LLC raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.2% in the 4th quarter. IAG Wealth Partners LLC now owns 157,262 shares of the company’s stock valued at $7,210,000 after acquiring an additional 7,776 shares during the last quarter.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Price Performance

FlexShares Morningstar Global Upstream Natural Resources Index Fund stock traded down $0.35 during midday trading on Thursday, reaching $53.56. The company had a trading volume of 490,427 shares, compared to its average volume of 717,528. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 12-month low of $33.42 and a 12-month high of $56.07. The company has a market capitalization of $7.05 billion, a P/E ratio of 16.05 and a beta of 0.72. The firm’s fifty day simple moving average is $52.90 and its 200-day simple moving average is $47.47.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be issued a $0.1975 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.79 dividend on an annualized basis and a yield of 1.5%.

About FlexShares Morningstar Global Upstream Natural Resources Index Fund

The FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that operate, manage or produce natural resources in energy, agriculture, metals, timber or water. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.