Short Interest in SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Expands By 157.4%

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 34,411 shares, a growth of 157.4% from the December 15th total of 13,371 shares. Based on an average daily volume of 19,444 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 19,444 shares, the days-to-cover ratio is currently 1.8 days.

SPDR S&P North American Natural Resources ETF Stock Performance

Shares of NANR stock opened at $73.37 on Wednesday. SPDR S&P North American Natural Resources ETF has a fifty-two week low of $46.37 and a fifty-two week high of $73.75. The stock’s fifty day moving average is $67.15 and its two-hundred day moving average is $63.31. The firm has a market capitalization of $823.95 million, a P/E ratio of 18.42 and a beta of 0.75.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fiduciary Alliance LLC grew its stake in SPDR S&P North American Natural Resources ETF by 6.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 50,294 shares of the company’s stock valued at $3,249,000 after acquiring an additional 3,081 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of SPDR S&P North American Natural Resources ETF by 12.8% in the third quarter. Jones Financial Companies Lllp now owns 8,016 shares of the company’s stock valued at $521,000 after purchasing an additional 912 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of SPDR S&P North American Natural Resources ETF by 46.3% in the third quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock valued at $462,000 after purchasing an additional 2,265 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in SPDR S&P North American Natural Resources ETF during the second quarter worth approximately $195,000. Finally, Triumph Capital Management acquired a new position in SPDR S&P North American Natural Resources ETF during the third quarter worth $204,000.

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.