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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,057,749 shares, an increase of 190.2% from the April 30th total of 364,476 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 329,207 shares, the short-interest ratio is currently 3.2 days.

SPDR S&P Global Natural Resources ETF Stock Performance

GNR stock traded down $0.22 during mid-day trading on Friday, hitting $73.55. The company had a trading volume of 404,666 shares, compared to its average volume of 384,294. The firm has a market cap of $4.81 billion, a PE ratio of 16.16 and a beta of 0.63. SPDR S&P Global Natural Resources ETF has a 12 month low of $52.50 and a 12 month high of $76.14. The stock’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $69.14.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Several hedge funds have recently added to or reduced their stakes in GNR. Signaturefd LLC raised its position in shares of SPDR S&P Global Natural Resources ETF by 166.7% in the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 250 shares during the period. International Assets Investment Management LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the first quarter valued at approximately $25,000. Western Wealth Management LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the first quarter valued at approximately $27,000. Qube Research & Technologies Ltd bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the third quarter valued at approximately $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of SPDR S&P Global Natural Resources ETF in the first quarter valued at approximately $29,000.

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.