SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Significant Growth in Short Interest

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 13,371 shares, a growth of 1,210.9% from the November 30th total of 1,020 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,156 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 24,156 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

SPDR S&P North American Natural Resources ETF Stock Down 0.3%

NANR opened at $68.64 on Friday. The firm has a market cap of $773.57 million, a PE ratio of 18.42 and a beta of 0.75. The business has a fifty day simple moving average of $65.45 and a 200-day simple moving average of $62.05. SPDR S&P North American Natural Resources ETF has a fifty-two week low of $46.37 and a fifty-two week high of $69.56.

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

A number of institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC raised its holdings in SPDR S&P North American Natural Resources ETF by 62.8% during the 3rd quarter. CoreCap Advisors LLC now owns 451 shares of the company’s stock worth $29,000 after buying an additional 174 shares during the period. Root Financial Partners LLC purchased a new position in shares of SPDR S&P North American Natural Resources ETF in the third quarter worth approximately $71,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR S&P North American Natural Resources ETF during the second quarter valued at approximately $195,000. Triumph Capital Management acquired a new stake in shares of SPDR S&P North American Natural Resources ETF during the third quarter valued at approximately $204,000. Finally, Horizon Investments LLC lifted its position in shares of SPDR S&P North American Natural Resources ETF by 46.3% in the 3rd quarter. Horizon Investments LLC now owns 7,152 shares of the company’s stock valued at $462,000 after acquiring an additional 2,265 shares in the last quarter.

About SPDR S&P North American Natural Resources ETF

The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.