SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Short Interest Up 24.1% in January

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 659,147 shares, a growth of 24.1% from the January 15th total of 531,209 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 487,549 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 487,549 shares, the short-interest ratio is presently 1.4 days. Approximately 1.0% of the shares of the stock are sold short.

SPDR S&P Global Natural Resources ETF Stock Performance

Shares of GNR stock traded down $1.05 during mid-day trading on Tuesday, hitting $72.00. 127,173 shares of the stock traded hands, compared to its average volume of 380,781. SPDR S&P Global Natural Resources ETF has a twelve month low of $45.18 and a twelve month high of $74.22. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 16.16 and a beta of 0.81. The company’s 50-day simple moving average is $66.05 and its 200-day simple moving average is $61.17.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in SPDR S&P Global Natural Resources ETF by 166.7% in the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of SPDR S&P Global Natural Resources ETF during the third quarter valued at $28,000. Cornerstone Planning Group LLC raised its position in SPDR S&P Global Natural Resources ETF by 575.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 534 shares of the company’s stock valued at $33,000 after buying an additional 455 shares during the period. Arax Advisory Partners acquired a new stake in SPDR S&P Global Natural Resources ETF during the 4th quarter worth about $35,000. Finally, 4Thought Financial Group Inc. purchased a new position in SPDR S&P Global Natural Resources ETF during the 4th quarter valued at about $49,000.

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.