SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 14,158 shares, a decrease of 62.2% from the September 15th total of 37,473 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 21,338 shares, the short-interest ratio is currently 0.7 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of NANR. Westwind Capital acquired a new stake in SPDR S&P North American Natural Resources ETF in the 3rd quarter valued at approximately $2,274,000. Cornerstone Planning Group LLC boosted its position in SPDR S&P North American Natural Resources ETF by 5.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock worth $16,423,000 after acquiring an additional 9,865 shares during the last quarter. Financial Life Planners acquired a new position in SPDR S&P North American Natural Resources ETF during the 1st quarter worth approximately $72,000. Fiduciary Alliance LLC grew its stake in shares of SPDR S&P North American Natural Resources ETF by 7.8% during the 1st quarter. Fiduciary Alliance LLC now owns 70,858 shares of the company’s stock worth $5,895,000 after acquiring an additional 5,114 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of SPDR S&P North American Natural Resources ETF during the 4th quarter worth approximately $4,527,000.
SPDR S&P North American Natural Resources ETF Price Performance
Shares of NANR traded down $0.96 during midday trading on Wednesday, hitting $87.17. The stock had a trading volume of 37,094 shares, compared to its average volume of 45,917. The company has a 50 day simple moving average of $87.68 and a two-hundred day simple moving average of $83.31. SPDR S&P North American Natural Resources ETF has a twelve month low of $61.40 and a twelve month high of $92.21. The firm has a market cap of $828.12 million, a price-to-earnings ratio of 18.42 and a beta of 0.63.
About SPDR S&P North American Natural Resources ETF
The SPDR S&P North American Natural Resources ETF (NANR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of US & Canadian firms involved in natural resources and commodities businesses. NANR was launched on Dec 15, 2015 and is managed by State Street.
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