Short Interest in FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Drops By 48.6%

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 745,317 shares, a drop of 48.6% from the February 12th total of 1,448,644 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 398,103 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 398,103 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the shares of the stock are sold short.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Performance

GUNR traded up $0.43 during trading on Thursday, reaching $55.02. 405,757 shares of the company traded hands, compared to its average volume of 717,310. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 12-month low of $33.42 and a 12-month high of $56.07. The firm has a fifty day simple moving average of $51.72 and a 200 day simple moving average of $46.73. The company has a market cap of $7.24 billion, a P/E ratio of 16.05 and a beta of 0.72.

Institutional Investors Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund

A number of hedge funds have recently made changes to their positions in the company. Connable Office Inc. increased its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 33.2% in the 4th quarter. Connable Office Inc. now owns 1,248,153 shares of the company’s stock worth $57,228,000 after acquiring an additional 311,192 shares during the last quarter. Align Financial LLC bought a new position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund during the 4th quarter valued at approximately $8,541,000. Bessemer Group Inc. grew its stake in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 50.1% in the 3rd quarter. Bessemer Group Inc. now owns 188,681 shares of the company’s stock worth $8,261,000 after buying an additional 63,014 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 9.7% in the 3rd quarter. Versant Capital Management Inc now owns 561,696 shares of the company’s stock worth $24,591,000 after buying an additional 49,610 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 14.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 305,377 shares of the company’s stock valued at $12,249,000 after buying an additional 39,574 shares in the last quarter.

About FlexShares Morningstar Global Upstream Natural Resources Index Fund

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.