Short Interest in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Expands By 265.9%

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 28,741 shares, a growth of 265.9% from the December 31st total of 7,855 shares. Based on an average daily trading volume, of 22,061 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 22,061 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 3rd quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock valued at $79,000 after acquiring an additional 992 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 2nd quarter worth about $161,000. Arcadia Investment Advisors LLC boosted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 98.4% in the 4th quarter. Arcadia Investment Advisors LLC now owns 3,879 shares of the company’s stock worth $196,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 3rd quarter valued at about $200,000.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Performance

EFAX stock traded down $0.61 on Wednesday, reaching $52.85. The company’s stock had a trading volume of 27,211 shares, compared to its average volume of 21,517. The business has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $49.39. The firm has a market cap of $496.79 million, a PE ratio of 17.37 and a beta of 0.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 12-month low of $38.08 and a 12-month high of $53.55.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Company Profile

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.