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

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,125 shares, a drop of 65.5% from the May 31st total of 20,682 shares. Based on an average daily trading volume, of 19,430 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Up 0.4%

Shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock traded up $0.19 on Tuesday, hitting $54.09. The stock had a trading volume of 16,120 shares, compared to its average volume of 23,373. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a one year low of $45.82 and a one year high of $54.93. The stock’s 50-day simple moving average is $53.30 and its two-hundred day simple moving average is $52.27. The stock has a market cap of $508.45 million, a price-to-earnings ratio of 17.37 and a beta of 0.80.

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

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock valued at $79,000 after buying an additional 992 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the fourth quarter worth $99,000. Sankala Group LLC bought a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the fourth quarter worth $140,000. Raymond James Financial Inc. purchased a new stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the second quarter worth $161,000. Finally, Arcadia Investment Advisors LLC grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 98.4% in the fourth quarter. Arcadia Investment Advisors LLC now owns 3,879 shares of the company’s stock worth $196,000 after acquiring an additional 1,924 shares during the last quarter.

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.