Short Interest in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Declines By 91.5%

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,455 shares, a drop of 91.5% from the January 15th total of 28,741 shares. Based on an average daily volume of 26,303 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,303 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

A number of hedge funds have recently added to or reduced their stakes in EFAX. Royal Bank of Canada grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% in the 1st quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock valued at $2,616,000 after purchasing an additional 942 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 37.3% during the second quarter. Bridgewater Advisors Inc. now owns 9,374 shares of the company’s stock worth $441,000 after purchasing an additional 2,546 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.7% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 215,627 shares of the company’s stock valued at $10,212,000 after buying an additional 3,616 shares during the last quarter. Bailard Inc. grew its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 10.8% in the 2nd quarter. Bailard Inc. now owns 166,888 shares of the company’s stock valued at $7,904,000 after buying an additional 16,270 shares during the last quarter. Finally, Good Life Advisors LLC increased its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 74.9% in the 2nd quarter. Good Life Advisors LLC now owns 12,905 shares of the company’s stock valued at $611,000 after buying an additional 5,525 shares during the period.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Price Performance

Shares of NYSEARCA:EFAX traded down $0.42 on Thursday, reaching $54.13. The company’s stock had a trading volume of 9,135 shares, compared to its average volume of 22,525. The stock’s 50-day moving average is $51.57 and its two-hundred day moving average is $49.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 52-week low of $38.08 and a 52-week high of $54.66. The stock has a market capitalization of $508.82 million, a P/E ratio of 17.37 and a beta of 0.85.

About SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) is an exchange-traded fund that is based on the MSCI EAFE ex Fossil Fuels index. The fund tracks a subset of the MSCI EAFE Index that excludes companies that own fossil fuel reserves. EFAX was launched on Oct 24, 2016 and is managed by State Street.