SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Stock Short Interest Declines 62.9%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 190,900 shares, a drop of 62.9% from the September 15th total of 514,111 shares. Based on an average daily volume of 577,198 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

A number of institutional investors have recently added to or reduced their stakes in GNR. Envestnet Asset Management Inc. increased its position in SPDR S&P Global Natural Resources ETF by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock valued at $333,592,000 after purchasing an additional 82,044 shares during the period. Pure Financial Advisors LLC lifted its stake in SPDR S&P Global Natural Resources ETF by 4.5% in the fourth quarter. Pure Financial Advisors LLC now owns 2,140,794 shares of the company’s stock valued at $133,029,000 after buying an additional 91,337 shares during the period. Bank of America Corp DE grew its position in shares of SPDR S&P Global Natural Resources ETF by 28.3% during the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after buying an additional 227,633 shares during the period. AMG National Trust Bank increased its stake in shares of SPDR S&P Global Natural Resources ETF by 8.3% in the 1st quarter. AMG National Trust Bank now owns 716,030 shares of the company’s stock valued at $53,466,000 after acquiring an additional 54,612 shares in the last quarter. Finally, Cambridge Associates LLC MA ADV increased its stake in SPDR S&P Global Natural Resources ETF by 51.3% in the fourth quarter. Cambridge Associates LLC MA ADV now owns 495,844 shares of the company’s stock valued at $30,812,000 after purchasing an additional 168,097 shares in the last quarter.

SPDR S&P Global Natural Resources ETF Trading Down 0.6%

NYSEARCA:GNR traded down $0.46 on Wednesday, hitting $76.11. The company had a trading volume of 3,949,716 shares, compared to its average volume of 358,642. The firm has a 50 day moving average of $76.67 and a two-hundred day moving average of $73.79. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 16.16 and a beta of 0.65. SPDR S&P Global Natural Resources ETF has a 52 week low of $57.24 and a 52 week high of $80.58.

SPDR S&P Global Natural Resources ETF Company Profile

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.