SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Short Interest Up 263.6% in June

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 29,498 shares, a growth of 263.6% from the May 31st total of 8,113 shares. Based on an average daily volume of 22,414 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR S&P North American Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in NANR. Cornerstone Planning Group LLC boosted its position in shares of SPDR S&P North American Natural Resources ETF by 5.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock worth $16,423,000 after purchasing an additional 9,865 shares in the last quarter. Fiduciary Alliance LLC increased its position in SPDR S&P North American Natural Resources ETF by 7.8% during the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock valued at $5,895,000 after buying an additional 5,114 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in SPDR S&P North American Natural Resources ETF in the fourth quarter valued at about $4,527,000. Horizon Investments LLC boosted its holdings in SPDR S&P North American Natural Resources ETF by 17.1% in the fourth quarter. Horizon Investments LLC now owns 8,372 shares of the company’s stock worth $568,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in SPDR S&P North American Natural Resources ETF in the fourth quarter worth about $524,000.

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

Shares of NANR stock traded down $0.09 on Friday, reaching $76.11. The company’s stock had a trading volume of 15,943 shares, compared to its average volume of 55,708. The stock’s fifty day simple moving average is $81.61 and its 200-day simple moving average is $79.00. SPDR S&P North American Natural Resources ETF has a 1 year low of $56.11 and a 1 year high of $86.58. The company has a market capitalization of $726.85 million, a price-to-earnings ratio of 18.42 and a beta of 0.56.

SPDR S&P North American Natural Resources ETF Company Profile

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.