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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 514,111 shares, an increase of 200.2% from the August 31st total of 171,272 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 418,407 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of SPDR S&P Global Natural Resources ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock worth $333,592,000 after buying an additional 82,044 shares in the last quarter. Bienville Capital Management LLC purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the second quarter valued at approximately $877,000. Hedeker Wealth LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 0.9% during the second quarter. Hedeker Wealth LLC now owns 14,642 shares of the company’s stock valued at $986,000 after buying an additional 132 shares during the period. Squarepoint Ops LLC boosted its position in SPDR S&P Global Natural Resources ETF by 68.7% during the second quarter. Squarepoint Ops LLC now owns 4,811 shares of the company’s stock worth $324,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Tobias Financial Advisors Inc. purchased a new stake in SPDR S&P Global Natural Resources ETF in the 2nd quarter worth approximately $6,777,000.

SPDR S&P Global Natural Resources ETF Trading Down 0.5%

Shares of NYSEARCA:GNR traded down $0.36 on Friday, hitting $75.66. The company had a trading volume of 408,037 shares, compared to its average volume of 348,591. SPDR S&P Global Natural Resources ETF has a 52-week low of $57.24 and a 52-week high of $80.58. The business has a 50 day moving average of $75.83 and a 200 day moving average of $73.54. The company has a market cap of $5.18 billion, a PE ratio of 16.16 and a beta of 0.64.

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.