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

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 62,100 shares, adropof68.5% from the July 31st total of 197,300 shares. Based on an average daily volume of 334,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 334,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GNR. Pure Financial Advisors LLC raised its position in SPDR S&P Global Natural Resources ETF by 2.8% in the second quarter. Pure Financial Advisors LLC now owns 1,952,602 shares of the company’s stock worth $105,909,000 after acquiring an additional 53,241 shares in the last quarter. Oxford Financial Group LTD. LLC grew its stake in shares of SPDR S&P Global Natural Resources ETF by 1,026.5% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,690,960 shares of the company’s stock worth $91,718,000 after purchasing an additional 1,540,847 shares during the period. Bank of America Corp DE increased its holdings in shares of SPDR S&P Global Natural Resources ETF by 41.7% in the 2nd quarter. Bank of America Corp DE now owns 966,621 shares of the company’s stock valued at $52,430,000 after purchasing an additional 284,392 shares in the last quarter. Nepc LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 5.5% in the first quarter. Nepc LLC now owns 730,890 shares of the company’s stock valued at $38,920,000 after purchasing an additional 37,850 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 1.8% in the second quarter. Raymond James Financial Inc. now owns 468,126 shares of the company’s stock valued at $25,391,000 after purchasing an additional 8,393 shares during the period.

SPDR S&P Global Natural Resources ETF Trading Down 0.1%

Shares of GNR opened at $57.99 on Wednesday. The stock’s 50 day moving average is $55.96 and its two-hundred day moving average is $53.67. SPDR S&P Global Natural Resources ETF has a twelve month low of $45.18 and a twelve month high of $58.86. The firm has a market capitalization of $3.40 billion, a PE ratio of 16.16 and a beta of 1.01.

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.