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

by · The Markets Daily

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 243,603 shares, an increase of 112.2% from the July 15th total of 114,786 shares. Based on an average daily volume of 167,034 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are sold short.

SPDR S&P Global Natural Resources ETF Stock Up 0.6%

Shares of SPDR S&P Global Natural Resources ETF stock traded up $0.43 during trading hours on Friday, reaching $74.90. 154,377 shares of the company’s stock were exchanged, compared to its average volume of 333,961. SPDR S&P Global Natural Resources ETF has a 1 year low of $55.56 and a 1 year high of $76.14. The company has a market capitalization of $4.95 billion, a P/E ratio of 16.16 and a beta of 0.62. The business has a fifty day moving average of $70.54 and a two-hundred day moving average of $72.36.

Institutional Trading of SPDR S&P Global Natural Resources ETF

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 211.2% during the 1st quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock worth $1,392,000 after purchasing an additional 17,737 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 2.4% in the second quarter. Cerity Partners LLC now owns 76,815 shares of the company’s stock valued at $4,166,000 after purchasing an additional 1,785 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 363.8% in the second quarter. The Manufacturers Life Insurance Company now owns 39,111 shares of the company’s stock valued at $2,121,000 after purchasing an additional 30,679 shares during the last quarter. Raymond James Financial Inc. lifted its position in SPDR S&P Global Natural Resources ETF by 1.8% during the second quarter. Raymond James Financial Inc. now owns 468,126 shares of the company’s stock worth $25,391,000 after buying an additional 8,393 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in SPDR S&P Global Natural Resources ETF by 226.4% during the second quarter. Ameriprise Financial Inc. now owns 116,098 shares of the company’s stock worth $6,298,000 after buying an additional 80,526 shares during the last quarter.

SPDR S&P Global Natural Resources ETF Company Profile

(Get Free Report)

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.

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