Short Interest in FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) Drops By 85.0%

FlexShares Morningstar Global Upstream Natural Resources Index Fund (NYSEARCA:GUNR) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 87,323 shares, a decrease of 85.0% from the July 30th total of 580,687 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,364,163 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vestor Capital LLC raised its position in FlexShares Morningstar Global Upstream Natural Resources Index Fund by 7.6% during the first quarter. Vestor Capital LLC now owns 2,811 shares of the company’s stock valued at $155,000 after purchasing an additional 199 shares during the period. Carter Financial Group INC. boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 4.2% in the 1st quarter. Carter Financial Group INC. now owns 5,066 shares of the company’s stock worth $279,000 after purchasing an additional 203 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 13.0% in the 1st quarter. Bank of New York Mellon Corp now owns 5,105 shares of the company’s stock worth $282,000 after purchasing an additional 587 shares during the period. Bessemer Group Inc. increased its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.4% during the 1st quarter. Bessemer Group Inc. now owns 193,462 shares of the company’s stock valued at $10,672,000 after purchasing an additional 789 shares during the last quarter. Finally, Farmers National Bank increased its position in shares of FlexShares Morningstar Global Upstream Natural Resources Index Fund by 0.3% during the 4th quarter. Farmers National Bank now owns 278,365 shares of the company’s stock valued at $12,763,000 after purchasing an additional 832 shares during the last quarter.

FlexShares Morningstar Global Upstream Natural Resources Index Fund Stock Performance

Shares of GUNR traded down $0.34 on Wednesday, hitting $56.46. 226,452 shares of the stock traded hands, compared to its average volume of 581,614. The company has a market capitalization of $7.80 billion, a PE ratio of 16.05 and a beta of 0.55. The business has a 50 day simple moving average of $51.87 and a 200 day simple moving average of $53.36. FlexShares Morningstar Global Upstream Natural Resources Index Fund has a one year low of $42.37 and a one year high of $57.09.

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.