SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Sees Large Growth in Short Interest

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,279 shares, a growth of 39.1% from the November 30th total of 10,265 shares. Based on an average trading volume of 21,572 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 21,572 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

Several large investors have recently added to or reduced their stakes in the business. Tiff Advisory Services LLC acquired a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 3rd quarter worth approximately $7,125,000. Susquehanna International Group LLP increased its position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1,518.7% during the third quarter. Susquehanna International Group LLP now owns 144,034 shares of the company’s stock worth $7,103,000 after acquiring an additional 135,136 shares during the period. Gemmer Asset Management LLC raised its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 26.8% in the third quarter. Gemmer Asset Management LLC now owns 568,907 shares of the company’s stock valued at $28,055,000 after acquiring an additional 120,415 shares in the last quarter. Xponance Inc. purchased a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the third quarter valued at $2,504,000. Finally, Values Added Financial LLC boosted its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 131.4% in the second quarter. Values Added Financial LLC now owns 57,113 shares of the company’s stock valued at $2,705,000 after purchasing an additional 32,433 shares during the period.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Price Performance

NYSEARCA EFAX opened at $50.58 on Tuesday. The company has a market cap of $440.05 million, a P/E ratio of 17.37 and a beta of 0.85. The stock has a 50-day moving average of $49.70 and a two-hundred day moving average of $48.62. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 1-year low of $38.08 and a 1-year high of $50.81.

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.