SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Short Interest Down 63.5% in August

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 8,843 shares, a decline of 63.5% from the August 15th total of 24,259 shares. Based on an average daily trading volume, of 29,874 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR S&P 500 ESG ETF Stock Down 0.4%

Shares of EFIV traded down $0.30 during trading hours on Monday, hitting $73.80. 29,481 shares of the company were exchanged, compared to its average volume of 45,912. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 24.61 and a beta of 1.00. SPDR S&P 500 ESG ETF has a fifty-two week low of $61.10 and a fifty-two week high of $76.28. The firm’s fifty day moving average is $73.83 and its 200 day moving average is $70.58.

Hedge Funds Weigh In On SPDR S&P 500 ESG ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of SPDR S&P 500 ESG ETF by 20.8% during the first quarter. Principal Financial Group Inc. now owns 186,007 shares of the company’s stock worth $11,733,000 after purchasing an additional 32,030 shares during the last quarter. Napier Financial LLC bought a new position in SPDR S&P 500 ESG ETF in the 4th quarter valued at approximately $1,647,000. Bank of America Corp DE raised its holdings in SPDR S&P 500 ESG ETF by 51.3% in the 1st quarter. Bank of America Corp DE now owns 57,566 shares of the company’s stock valued at $3,631,000 after buying an additional 19,518 shares during the last quarter. Meitav Investment House Ltd. boosted its position in SPDR S&P 500 ESG ETF by 84.2% during the 1st quarter. Meitav Investment House Ltd. now owns 39,590 shares of the company’s stock worth $2,440,000 after buying an additional 18,100 shares during the period. Finally, FinArc Investments Inc. acquired a new stake in SPDR S&P 500 ESG ETF during the 1st quarter worth approximately $615,000.

SPDR S&P 500 ESG ETF Company Profile

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.