SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Large Decline in Short Interest

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,551 shares, a drop of 55.9% from the September 30th total of 10,309 shares. Based on an average trading volume of 60,906 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR MSCI EAFE StrategicFactors ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Convergence Financial LLC bought a new stake in shares of SPDR MSCI EAFE StrategicFactors ETF during the third quarter worth $988,000. Bank of America Corp DE boosted its stake in SPDR MSCI EAFE StrategicFactors ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 206,196 shares of the company’s stock worth $19,232,000 after purchasing an additional 8,796 shares during the period. CX Institutional acquired a new position in SPDR MSCI EAFE StrategicFactors ETF in the 3rd quarter worth $23,693,000. Farther Finance Advisors LLC acquired a new position in SPDR MSCI EAFE StrategicFactors ETF in the 3rd quarter worth $1,391,000. Finally, Tenet Wealth Partners LLC bought a new position in SPDR MSCI EAFE StrategicFactors ETF during the 3rd quarter worth about $841,000.

SPDR MSCI EAFE StrategicFactors ETF Stock Down 0.1%

NYSEARCA QEFA traded down $0.07 during trading on Friday, reaching $100.19. 14,463 shares of the stock traded hands, compared to its average volume of 36,619. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 15.98 and a beta of 0.68. The stock’s 50-day moving average price is $99.53 and its 200 day moving average price is $97.27. SPDR MSCI EAFE StrategicFactors ETF has a fifty-two week low of $86.44 and a fifty-two week high of $102.40.

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.