FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Stock Short Interest Declines 70.9%

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 342,428 shares, a decline of 70.9% from the September 30th total of 1,176,781 shares. Based on an average trading volume of 369,827 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On FlexShares Morningstar Global Upstream Natural Resources Index Fund

A number of hedge funds have recently added to or reduced their stakes in GUNR. Kendall Capital Management increased its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 6.5% during the third quarter. Kendall Capital Management now owns 28,333 shares of the company’s stock valued at $1,494,000 after acquiring an additional 1,730 shares during the last quarter. NBT Bank N.A. purchased a new position in FlexShares Morningstar Global Upstream Natural Resources Index Fund during the third quarter worth $47,645,000. Mosley Wealth Management increased its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 3.4% in the third quarter. Mosley Wealth Management now owns 43,910 shares of the company’s stock worth $2,377,000 after purchasing an additional 1,444 shares during the period. CoreCap Advisors LLC lifted its stake in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 2.7% in the third quarter. CoreCap Advisors LLC now owns 182,164 shares of the company’s stock worth $9,607,000 after acquiring an additional 4,777 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 3.2% in the 3rd quarter. Versant Capital Management Inc now owns 912,469 shares of the company’s stock valued at $48,124,000 after acquiring an additional 28,628 shares during the period.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Down 0.2%

Shares of NYSEARCA:GUNR traded down $0.13 on Thursday, hitting $53.74. The company had a trading volume of 278,261 shares, compared to its average volume of 534,509. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 16.05 and a beta of 0.58. The firm’s 50-day simple moving average is $54.94 and its two-hundred day simple moving average is $53.46. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a 1 year low of $42.53 and a 1 year high of $58.07.

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.