FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 70,313 shares, a decline of 78.0% from the April 15th total of 320,196 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 569,685 shares, the short-interest ratio is presently 0.1 days.
FlexShares Morningstar Global Upstream Natural Resources Index Fund Trading Down 1.6%
NYSEARCA GUNR traded down $0.91 on Friday, hitting $54.52. 173,070 shares of the company traded hands, compared to its average volume of 623,361. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 16.05 and a beta of 0.55. The business’s 50 day moving average price is $54.61 and its 200-day moving average price is $50.19. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 52-week low of $38.61 and a 52-week high of $56.35.
Institutional Investors Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund
A number of institutional investors and hedge funds have recently bought and sold shares of GUNR. Connable Office Inc. raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 33.2% during the fourth quarter. Connable Office Inc. now owns 1,248,153 shares of the company’s stock valued at $57,228,000 after acquiring an additional 311,192 shares during the period. Align Financial LLC bought a new stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the fourth quarter valued at about $8,541,000. Bessemer Group Inc. raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 50.1% during the third quarter. Bessemer Group Inc. now owns 188,681 shares of the company’s stock valued at $8,261,000 after acquiring an additional 63,014 shares during the period. Versant Capital Management Inc raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 9.7% during the third quarter. Versant Capital Management Inc now owns 561,696 shares of the company’s stock valued at $24,591,000 after acquiring an additional 49,610 shares during the period. Finally, Park National Corp OH raised its holdings in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 108.8% during the first quarter. Park National Corp OH now owns 66,535 shares of the company’s stock valued at $3,670,000 after acquiring an additional 34,662 shares during the period.
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. GUNR was launched on Sep 16, 2011 and is managed by FlexShares.
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