SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Short Interest Down 36.3% in June

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 290,190 shares, a decline of 36.3% from the May 31st total of 455,579 shares. Based on an average trading volume of 235,471 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.4% of the shares of the company are sold short.

SPDR S&P Global Natural Resources ETF Price Performance

Shares of GNR stock remained flat at $67.96 during trading on Friday. The company had a trading volume of 248,695 shares, compared to its average volume of 359,558. SPDR S&P Global Natural Resources ETF has a 1-year low of $53.92 and a 1-year high of $76.14. The business has a fifty day moving average price of $72.27 and a two-hundred day moving average price of $70.82. The stock has a market capitalization of $4.52 billion, a PE ratio of 16.16 and a beta of 0.63.

Hedge Funds Weigh In On SPDR S&P Global Natural Resources ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in shares of SPDR S&P Global Natural Resources ETF by 166.7% during the 4th quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after buying an additional 250 shares during the last quarter. International Assets Investment Management LLC acquired a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $25,000. Western Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $27,000. Qube Research & Technologies Ltd bought a new position in SPDR S&P Global Natural Resources ETF in the 3rd quarter valued at about $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in SPDR S&P Global Natural Resources ETF in the 1st quarter valued at about $29,000.

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.