SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Sees Significant Growth in Short Interest

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 531,209 shares, a growth of 72.6% from the December 31st total of 307,833 shares. Based on an average daily trading volume, of 236,172 shares, the short-interest ratio is presently 2.2 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 236,172 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in SPDR S&P Global Natural Resources ETF by 211.2% during the 1st quarter. AQR Capital Management LLC now owns 26,135 shares of the company’s stock valued at $1,392,000 after buying an additional 17,737 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in SPDR S&P Global Natural Resources ETF by 135.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 25,038 shares of the company’s stock worth $1,358,000 after acquiring an additional 14,391 shares during the period. Sachetta LLC lifted its position in shares of SPDR S&P Global Natural Resources ETF by 19.5% during the 2nd quarter. Sachetta LLC now owns 203,795 shares of the company’s stock worth $11,054,000 after purchasing an additional 33,230 shares during the last quarter. NBT Bank N A NY lifted its position in SPDR S&P Global Natural Resources ETF by 650.0% in the second quarter. NBT Bank N A NY now owns 750 shares of the company’s stock valued at $41,000 after purchasing an additional 650 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in SPDR S&P Global Natural Resources ETF by 23.4% in the 2nd quarter. Valmark Advisers Inc. now owns 109,402 shares of the company’s stock worth $5,934,000 after buying an additional 20,770 shares during the last quarter.

SPDR S&P Global Natural Resources ETF Price Performance

Shares of NYSEARCA:GNR traded down $2.89 during trading on Friday, reaching $68.15. 548,064 shares of the company’s stock traded hands, compared to its average volume of 361,808. SPDR S&P Global Natural Resources ETF has a 12 month low of $45.18 and a 12 month high of $72.58. The stock has a market capitalization of $4.28 billion, a P/E ratio of 16.16 and a beta of 0.81. The company has a 50 day moving average of $63.73 and a 200-day moving average of $59.97.

SPDR S&P Global Natural Resources ETF Company Profile

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.