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 in the month of January. As of January 30th, there was short interest totaling 2,455 shares, a drop of 91.5% from the January 15th total of 28,741 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 26,303 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 26,303 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Performance

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock traded up $0.05 during trading hours on Tuesday, reaching $54.27. 4,492 shares of the company’s stock traded hands, compared to its average volume of 23,144. The firm has a market capitalization of $510.14 million, a price-to-earnings ratio of 17.37 and a beta of 0.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a fifty-two week low of $38.08 and a fifty-two week high of $54.52. The firm’s 50 day moving average is $51.37 and its 200-day moving average is $49.79.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Betterment LLC grew its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 2.2% during the 3rd quarter. Betterment LLC now owns 1,406,903 shares of the company’s stock worth $69,374,000 after acquiring an additional 30,476 shares during the period. Gemmer Asset Management LLC boosted its position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 16.3% in the 4th quarter. Gemmer Asset Management LLC now owns 661,907 shares of the company’s stock worth $33,404,000 after purchasing an additional 93,000 shares during the last quarter. Flputnam Investment Management Co. grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 5.6% during the fourth quarter. Flputnam Investment Management Co. now owns 318,662 shares of the company’s stock worth $16,082,000 after purchasing an additional 16,904 shares during the period. Bank of America Corp DE increased its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 9.1% in the third quarter. Bank of America Corp DE now owns 237,294 shares of the company’s stock valued at $11,702,000 after purchasing an additional 19,841 shares during the last quarter. Finally, Windmill Hill Asset Management Ltd acquired a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the fourth quarter valued at about $11,503,000.

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.