SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Short Interest Down 42.0% in January

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 19,966 shares, a decline of 42.0% from the December 31st total of 34,411 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 38,752 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 38,752 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR S&P North American Natural Resources ETF Trading Down 3.9%

NANR stock traded down $3.07 during mid-day trading on Friday, hitting $76.39. The stock had a trading volume of 59,950 shares, compared to its average volume of 56,548. The firm has a fifty day simple moving average of $70.45 and a 200 day simple moving average of $64.97. The firm has a market capitalization of $855.57 million, a P/E ratio of 18.42 and a beta of 0.75. SPDR S&P North American Natural Resources ETF has a 52 week low of $46.37 and a 52 week high of $81.69.

Institutional Trading of SPDR S&P North American Natural Resources ETF

A number of hedge funds have recently made changes to their positions in NANR. Fiduciary Alliance LLC lifted its stake in shares of SPDR S&P North American Natural Resources ETF by 30.7% in the fourth quarter. Fiduciary Alliance LLC now owns 65,744 shares of the company’s stock worth $4,459,000 after acquiring an additional 15,450 shares during the period. Farther Finance Advisors LLC bought a new stake in SPDR S&P North American Natural Resources ETF in the fourth quarter valued at $287,000. Atlantic Union Bankshares Corp bought a new stake in SPDR S&P North American Natural Resources ETF in the 2nd quarter valued at about $195,000. Triumph Capital Management bought a new position in SPDR S&P North American Natural Resources ETF in the third quarter worth approximately $204,000. Finally, Horizon Investments LLC raised its position in shares of SPDR S&P North American Natural Resources ETF by 46.3% during the third quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock worth $462,000 after purchasing an additional 2,265 shares during the period.

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.