SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Significant Drop in Short Interest

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 455,579 shares, a drop of 56.9% from the May 14th total of 1,057,749 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 215,743 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Several hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. lifted its position in SPDR S&P Global Natural Resources ETF by 5.8% in the 4th quarter. First Command Advisory Services Inc. now owns 5,359,762 shares of the company’s stock valued at $333,056,000 after purchasing an additional 292,774 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of SPDR S&P Global Natural Resources ETF during the 4th quarter worth about $155,705,000. Pure Financial Advisors LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 4.5% during the 4th quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock worth $133,029,000 after buying an additional 91,337 shares in the last quarter. Oxford Financial Group LTD. LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 1,026.5% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after buying an additional 1,540,847 shares in the last quarter. Finally, Bank of America Corp DE raised its position 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 in the last quarter.

SPDR S&P Global Natural Resources ETF Trading Up 1.2%

NYSEARCA:GNR traded up $0.86 during mid-day trading on Friday, hitting $72.06. The stock had a trading volume of 153,349 shares, compared to its average volume of 371,666. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 16.16 and a beta of 0.61. The company has a 50 day simple moving average of $74.00 and a 200-day simple moving average of $70.09. SPDR S&P Global Natural Resources ETF has a 52 week low of $53.44 and a 52 week high of $76.14.

About SPDR S&P Global Natural Resources ETF

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.