(NANR) SPDR S&P North American - Ratings and Ratios

The SPDR S&P® North American Natural Resources ETF (NANR) is designed to track the performance of publicly traded U.S. and Canadian companies in the natural resources and commodities sectors. The fund invests at least 80% of its total assets in the securities that make up its underlying index. This index is composed of companies classified under three main natural resources categories: energy, metals & mining, and agriculture. These companies must meet specific investability criteria, ensuring they are liquid and suitable for inclusion in a tradable index. The fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities, which may result in higher volatility compared to diversified funds.

From a technical perspective, NANR has shown moderate trading activity, with an average daily volume of 89,865 shares over the past 20 days. The fund is currently trading at $53.51, slightly below its 20-day simple moving average (SMA) of $54.49 but in line with its 50-day SMA of $53.39. The 200-day SMA stands at $54.70, indicating a relatively stable price trend over the longer term. The Average True Range (ATR) of 0.67 suggests that the fund experiences modest daily price fluctuations, making it a relatively low-volatility investment option.

Fundamentally, NANR manages approximately $628.70 million in assets under management (AUM), making it a mid-sized ETF in its category. This level of AUM suggests a balance between liquidity and scale, allowing the fund to maintain efficiency in tracking its underlying index while avoiding the potential pitfalls of being too small or overly large. The funds focus on natural resources makes it sensitive to macroeconomic trends such as commodity prices, energy demand, and agricultural production cycles.

Looking ahead, over the next three months, NANRs performance is likely to be influenced by several key factors. From a technical standpoint, the funds price is hovering near its key moving averages, with the 20-day SMA slightly above the 50-day SMA. This could indicate a potential bullish crossover if the price regains momentum. The relatively low ATR suggests that volatility is unlikely to spike dramatically, providing investors with a degree of stability.

Fundamentally, the natural resources sector is expected to remain sensitive to global economic activity. Energy companies may see continued tailwinds if oil and gas prices remain elevated due to geopolitical tensions or supply constraints. Metals & mining firms could benefit from sustained demand for raw materials, particularly if industrial activity rebounds. Agricultural commodities, on the other hand, may face headwinds from unpredictable weather patterns or shifts in global supply chains. Overall, NANR is well-positioned to capture the upside of these trends while maintaining a diversified exposure across the natural resources spectrum.