FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Sees Large Growth in Short Interest

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,176,781 shares, an increase of 290.5% from the September 15th total of 301,383 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 420,695 shares, the days-to-cover ratio is currently 2.8 days.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Up 0.3%

Shares of GUNR opened at $54.04 on Tuesday. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 52 week low of $42.53 and a 52 week high of $58.07. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 16.05 and a beta of 0.58. The stock’s 50-day moving average price is $54.86 and its 200-day moving average price is $53.70.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GUNR. Versant Capital Management Inc lifted its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 883,841 shares of the company’s stock valued at $43,556,000 after purchasing an additional 43,198 shares during the period. Valeo Financial Advisors LLC acquired a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the second quarter valued at $2,012,000. Park National Corp OH grew its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 108.8% during the first quarter. Park National Corp OH now owns 66,535 shares of the company’s stock valued at $3,670,000 after buying an additional 34,662 shares during the period. Fiduciary Alliance LLC acquired a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the first quarter valued at $1,666,000. Finally, Horizon Bancorp Inc. IN increased its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 24.4% in the first quarter. Horizon Bancorp Inc. IN now owns 74,070 shares of the company’s stock valued at $4,086,000 after buying an additional 14,527 shares in the last quarter.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

The FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that operate, manage or produce natural resources in energy, agriculture, metals, timber or water. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.