SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) Short Interest Down 47.1% in July

SPDR S&P Global Natural Resources ETF (NYSEARCA:GNR) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 114,801 shares, a drop of 47.1% from the June 30th total of 216,953 shares. Based on an average daily volume of 298,187 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR S&P Global Natural Resources ETF

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in SPDR S&P Global Natural Resources ETF by 166.7% during the fourth quarter. Signaturefd LLC now owns 400 shares of the company’s stock worth $25,000 after buying an additional 250 shares in the last quarter. International Assets Investment Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF during the first quarter worth about $25,000. Western Wealth Management LLC bought a new stake in SPDR S&P Global Natural Resources ETF during the first quarter worth about $27,000. Qube Research & Technologies Ltd acquired a new stake in SPDR S&P Global Natural Resources ETF during the third quarter worth 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.

SPDR S&P Global Natural Resources ETF Price Performance

GNR stock traded up $0.41 during midday trading on Wednesday, reaching $71.75. 239,270 shares of the company were exchanged, compared to its average volume of 343,014. SPDR S&P Global Natural Resources ETF has a one year low of $53.92 and a one year high of $76.14. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.16 and a beta of 0.63. The business has a 50-day moving average price of $70.47 and a two-hundred day moving average price of $71.79.

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.