SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR) Sees Large Growth in Short Interest

SPDR S&P North American Natural Resources ETF (NYSEARCA:NANR – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 42,128 shares, a growth of 197.6% from the September 30th total of 14,158 shares. Based on an average daily volume of 33,006 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

SPDR S&P North American Natural Resources ETF Trading Down 1.1%

Shares of NYSEARCA:NANR traded down $0.94 during trading on Thursday, reaching $86.96. The stock had a trading volume of 6,016 shares, compared to its average volume of 44,506. The firm’s 50-day simple moving average is $88.08 and its 200 day simple moving average is $82.69. SPDR S&P North American Natural Resources ETF has a one year low of $61.40 and a one year high of $92.21. The company has a market capitalization of $832.20 million, a P/E ratio of 18.42 and a beta of 0.63.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westwind Capital acquired a new stake in shares of SPDR S&P North American Natural Resources ETF during the 3rd quarter valued at about $2,274,000. Cornerstone Planning Group LLC boosted its position in SPDR S&P North American Natural Resources ETF by 5.2% during the first quarter. Cornerstone Planning Group LLC now owns 198,105 shares of the company’s stock worth $16,423,000 after purchasing an additional 9,865 shares in the last quarter. Financial Life Planners purchased a new position in SPDR S&P North American Natural Resources ETF during the first quarter worth approximately $72,000. Finally, Root Financial Partners LLC acquired a new stake in SPDR S&P North American Natural Resources ETF in the third quarter valued at approximately $70,000.

SPDR S&P North American Natural Resources ETF Company Profile

(Get Free Report)

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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