Short Interest in SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Decreases By 78.0%
by Mitch Edgeman · The Markets DailySPDR S&P North American Natural Resources ETF (NYSEARCA:NANR – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 8,467 shares, a decrease of 78.0% from the July 30th total of 38,534 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 33,935 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On SPDR S&P North American Natural Resources ETF
Several large investors have recently bought and sold shares of NANR. Cornerstone Planning Group LLC increased its position in shares of SPDR S&P North American Natural Resources ETF by 5.2% during the first quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock worth $16,423,000 after purchasing an additional 9,865 shares in the last quarter. Fiduciary Alliance LLC boosted its position in shares of SPDR S&P North American Natural Resources ETF by 7.8% in the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock valued at $5,895,000 after purchasing an additional 5,114 shares during the period. Rothschild Wealth LLC purchased a new position in SPDR S&P North American Natural Resources ETF during the 4th quarter worth approximately $4,527,000. Horizon Investments LLC grew its stake in SPDR S&P North American Natural Resources ETF by 17.1% during the 4th quarter. Horizon Investments LLC now owns 8,372 shares of the company’s stock worth $568,000 after buying an additional 1,220 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in SPDR S&P North American Natural Resources ETF during the fourth quarter worth approximately $524,000.
SPDR S&P North American Natural Resources ETF Trading Down 0.2%
NANR stock opened at $90.59 on Wednesday. The stock has a market cap of $847.02 million, a P/E ratio of 18.42 and a beta of 0.58. SPDR S&P North American Natural Resources ETF has a twelve month low of $60.78 and a twelve month high of $91.57. The company’s 50 day moving average is $80.51 and its two-hundred day moving average is $81.78.
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.