SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Stock Short Interest Falls 81.3%

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 510,139 shares, a decline of 81.3% from the October 15th total of 2,734,297 shares. Based on an average daily volume of 285,309 shares, the short-interest ratio is currently 1.8 days. Approximately 0.7% of the shares of the company are sold short.

SPDR S&P Global Natural Resources ETF Price Performance

Shares of GNR stock traded down $0.43 during trading hours on Thursday, reaching $73.26. 134,268 shares of the company’s stock were exchanged, compared to its average volume of 352,570. The company’s 50 day moving average is $76.03 and its two-hundred day moving average is $73.61. The company has a market cap of $5.27 billion, a P/E ratio of 13.53 and a beta of 0.65. SPDR S&P Global Natural Resources ETF has a 1 year low of $58.04 and a 1 year high of $80.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Global Natural Resources ETF by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock worth $333,592,000 after purchasing an additional 82,044 shares in the last quarter. Bank of America Corp DE boosted its holdings in SPDR S&P Global Natural Resources ETF by 28.3% during the first quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after buying an additional 227,633 shares in the last quarter. AMG National Trust Bank grew its position in SPDR S&P Global Natural Resources ETF by 9.4% during the third quarter. AMG National Trust Bank now owns 849,350 shares of the company’s stock worth $62,826,000 after buying an additional 73,076 shares during the period. Capital Wealth Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF during the second quarter worth about $29,308,000. Finally, Principal Financial Group Inc. grew its position in SPDR S&P Global Natural Resources ETF by 65.2% during the first quarter. Principal Financial Group Inc. now owns 357,075 shares of the company’s stock worth $26,663,000 after buying an additional 140,925 shares during the period.

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.