SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) Sees Large Growth in Short Interest

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,092 shares, an increase of 72.5% from the July 30th total of 7,589 shares. Based on an average daily volume of 18,804 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

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

A hedge fund recently bought a new position in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF stock. Bradley Foster & Sargent Inc. CT purchased a new stake in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,547 shares of the company’s stock, valued at approximately $279,000. Bradley Foster & Sargent Inc. CT owned approximately 0.31% of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF as of its most recent SEC filing.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Trading Up 0.3%

Shares of EEMX traded up $0.17 during mid-day trading on Monday, reaching $53.20. 1,063 shares of the stock traded hands, compared to its average volume of 15,999. The company has a market cap of $180.88 million, a price-to-earnings ratio of 14.51 and a beta of 0.74. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a 1 year low of $38.66 and a 1 year high of $56.38. The firm has a fifty day moving average price of $52.01 and a 200 day moving average price of $50.08.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Company Profile

The SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (EEMX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves. EEMX was launched on Oct 24, 2016 and is managed by State Street.