SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Shares Shorted: Short Interest Up 1,332.3% in October

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,734,297 shares, an increase of 1,332.3% from the September 30th total of 190,900 shares. Based on an average daily trading volume, of 506,770 shares, the days-to-cover ratio is currently 5.4 days. Currently, 3.9% of the shares of the stock are sold short.

SPDR S&P Global Natural Resources ETF Price Performance

NYSEARCA GNR traded up $0.08 during trading on Tuesday, reaching $75.87. The company’s stock had a trading volume of 43,383 shares, compared to its average volume of 355,071. The firm has a fifty day moving average of $76.83 and a 200 day moving average of $73.11. SPDR S&P Global Natural Resources ETF has a one year low of $57.24 and a one year high of $80.58. The stock has a market capitalization of $5.35 billion, a PE ratio of 16.16 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in SPDR S&P Global Natural Resources ETF by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,956,055 shares of the company’s stock valued at $333,592,000 after purchasing an additional 82,044 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR S&P Global Natural Resources ETF by 28.3% in the 1st quarter. Bank of America Corp DE now owns 1,031,629 shares of the company’s stock worth $77,032,000 after purchasing an additional 227,633 shares in the last quarter. AMG National Trust Bank increased its position in shares of SPDR S&P Global Natural Resources ETF by 8.3% during the 1st quarter. AMG National Trust Bank now owns 716,030 shares of the company’s stock valued at $53,466,000 after purchasing an additional 54,612 shares during the last quarter. Capital Wealth Management LLC bought a new position in shares of SPDR S&P Global Natural Resources ETF during the 2nd quarter valued at about $29,308,000. Finally, Rodgers & Associates LTD bought a new position in shares of SPDR S&P Global Natural Resources ETF during the 2nd quarter valued at about $26,065,000.

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.