SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Significant Drop in Short Interest

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 23,151 shares, a drop of 22.0% from the February 26th total of 29,672 shares. Based on an average daily volume of 38,377 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in QEFA. Salem Investment Counselors Inc. bought a new position in shares of SPDR MSCI EAFE StrategicFactors ETF in the third quarter worth $46,000. JPMorgan Chase & Co. lifted its holdings in SPDR MSCI EAFE StrategicFactors ETF by 217.0% in the second quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock worth $78,000 after purchasing an additional 625 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in SPDR MSCI EAFE StrategicFactors ETF by 22.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock worth $110,000 after purchasing an additional 226 shares during the period. Raymond James Financial Inc. bought a new position in SPDR MSCI EAFE StrategicFactors ETF in the 2nd quarter valued at about $119,000. Finally, Kestra Advisory Services LLC acquired a new position in SPDR MSCI EAFE StrategicFactors ETF during the 4th quarter valued at about $164,000.

SPDR MSCI EAFE StrategicFactors ETF Stock Performance

Shares of QEFA traded up $0.63 during mid-day trading on Monday, reaching $91.11. 18,811 shares of the company’s stock traded hands, compared to its average volume of 37,169. The business’s 50-day moving average price is $95.45 and its 200-day moving average price is $91.44. The stock has a market capitalization of $997.65 million, a P/E ratio of 15.98 and a beta of 0.76. SPDR MSCI EAFE StrategicFactors ETF has a 12 month low of $70.97 and a 12 month high of $100.17.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.