Short Interest in SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Declines By 28.9%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 101,126 shares, a drop of 28.9% from the March 15th total of 142,204 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 518,590 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Several institutional investors have recently added to or reduced their stakes in the company. Fermata Advisors LLC raised its stake in shares of SPDR S&P Global Natural Resources ETF by 2.2% in the fourth quarter. Fermata Advisors LLC now owns 10,848 shares of the company’s stock worth $674,000 after acquiring an additional 234 shares during the last quarter. Redwood Park Advisors LLC grew its position in shares of SPDR S&P Global Natural Resources ETF by 2.2% during the 4th quarter. Redwood Park Advisors LLC now owns 11,117 shares of the company’s stock worth $691,000 after buying an additional 244 shares during the period. Signaturefd LLC grew its position in shares of SPDR S&P Global Natural Resources ETF by 166.7% during the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the period. Sequoia Financial Advisors LLC grew its holdings in SPDR S&P Global Natural Resources ETF by 2.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,132 shares of the company’s stock valued at $692,000 after purchasing an additional 281 shares during the period. Finally, Summit Financial LLC grew its holdings in SPDR S&P Global Natural Resources ETF by 0.4% during the fourth quarter. Summit Financial LLC now owns 80,865 shares of the company’s stock valued at $5,025,000 after purchasing an additional 298 shares during the period.

SPDR S&P Global Natural Resources ETF Stock Performance

NYSEARCA:GNR opened at $75.21 on Friday. The company has a 50-day moving average of $73.46 and a 200-day moving average of $65.99. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 16.16 and a beta of 0.68. SPDR S&P Global Natural Resources ETF has a 52 week low of $49.85 and a 52 week high of $76.14.

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.