Short Interest in FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Increases By 631.7%

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,110,000 shares, a growth of 631.7% from the August 31st total of 151,700 shares. Based on an average daily volume of 437,300 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 437,300 shares, the days-to-cover ratio is currently 2.5 days.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Down 0.1%

Shares of GUNR stock opened at $43.61 on Friday. The firm has a 50-day moving average price of $42.38 and a 200 day moving average price of $40.19. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a twelve month low of $33.42 and a twelve month high of $44.03. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.05 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Connable Office Inc. increased its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.9% during the 1st quarter. Connable Office Inc. now owns 962,601 shares of the company’s stock valued at $37,359,000 after acquiring an additional 70,451 shares during the last quarter. Flow Traders U.S. LLC increased its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 14.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 305,377 shares of the company’s stock valued at $12,249,000 after acquiring an additional 39,574 shares during the last quarter. Farmers National Bank increased its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.0% during the 2nd quarter. Farmers National Bank now owns 270,702 shares of the company’s stock valued at $10,858,000 after acquiring an additional 5,372 shares during the last quarter. Steph & Co. increased its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.0% during the 2nd quarter. Steph & Co. now owns 216,296 shares of the company’s stock valued at $8,676,000 after acquiring an additional 8,416 shares during the last quarter. Finally, Ledyard National Bank acquired a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 2nd quarter valued at about $7,156,000.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Company Profile

The FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that operate, manage or produce natural resources in energy, agriculture, metals, timber or water.