SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Short Interest Update

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,096 shares, a drop of 39.4% from the August 31st total of 3,461 shares. Based on an average trading volume of 10,129 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

SPDR MSCI ACWI Climate Paris Aligned ETF Price Performance

NZAC stock traded up $0.36 during trading on Friday, reaching $46.64. 3,984 shares of the stock traded hands, compared to its average volume of 9,106. The business’s 50 day moving average price is $46.69 and its 200-day moving average price is $45.27. SPDR MSCI ACWI Climate Paris Aligned ETF has a 52-week low of $39.32 and a 52-week high of $47.56. The firm has a market capitalization of $195.87 million, a PE ratio of 23.74 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NZAC. PNC Financial Services Group Inc. boosted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 190,081 shares of the company’s stock valued at $7,726,000 after purchasing an additional 2,164 shares during the period. Envestnet Asset Management Inc. raised its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 62,003 shares of the company’s stock worth $2,847,000 after acquiring an additional 9,772 shares during the period. Larch Capital Partners LLC bought a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the 4th quarter worth approximately $1,007,000. MRA Advisory Group bought a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter valued at $180,000. Finally, Harbor Asset Planning Inc. boosted its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 1,456.5% during the 1st quarter. Harbor Asset Planning Inc. now owns 3,004 shares of the company’s stock valued at $122,000 after purchasing an additional 2,811 shares during the period.

SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile

The SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that is based on the MSCI ACWI Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. NZAC was launched on Nov 25, 2014 and is managed by State Street.