SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,057,749 shares, an increase of 190.2% from the April 30th total of 364,476 shares. Based on an average daily trading volume, of 329,207 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.6% of the company’s shares are short sold.
Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF
A number of large investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new position in shares of SPDR S&P Global Natural Resources ETF during the first quarter valued at about $27,000. NewEdge Advisors LLC lifted its position in shares of SPDR S&P Global Natural Resources ETF by 18.9% during the first quarter. NewEdge Advisors LLC now owns 27,803 shares of the company’s stock valued at $2,076,000 after purchasing an additional 4,421 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SPDR S&P Global Natural Resources ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock valued at $77,032,000 after purchasing an additional 227,633 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of SPDR S&P Global Natural Resources ETF during the first quarter valued at about $47,000. Finally, Royal Bank of Canada lifted its position in shares of SPDR S&P Global Natural Resources ETF by 12.0% during the first quarter. Royal Bank of Canada now owns 127,247 shares of the company’s stock valued at $9,502,000 after purchasing an additional 13,671 shares in the last quarter.
SPDR S&P Global Natural Resources ETF Price Performance
Shares of GNR traded down $0.22 during trading hours on Friday, hitting $73.55. 404,666 shares of the stock were exchanged, compared to its average volume of 384,294. SPDR S&P Global Natural Resources ETF has a fifty-two week low of $52.50 and a fifty-two week high of $76.14. The business has a 50-day moving average of $74.06 and a 200-day moving average of $69.14. The firm has a market capitalization of $4.81 billion, a P/E ratio of 16.16 and a beta of 0.63.
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.
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