Short Interest in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Decreases By 45.0%

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,855 shares, a decline of 45.0% from the December 15th total of 14,279 shares. Based on an average daily volume of 58,072 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 58,072 shares, the days-to-cover ratio is presently 0.1 days.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Performance

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock remained flat at $52.08 during midday trading on Thursday. The company had a trading volume of 26,497 shares, compared to its average volume of 22,020. The company has a market cap of $484.34 million, a PE ratio of 17.37 and a beta of 0.85. The business’s 50 day moving average price is $50.10 and its two-hundred day moving average price is $49.06. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 52 week low of $38.08 and a 52 week high of $52.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% during the first quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock valued at $2,616,000 after purchasing an additional 942 shares in the last quarter. Camelot Technology Advisors Inc. grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 10.3% in the 2nd quarter. Camelot Technology Advisors Inc. now owns 19,775 shares of the company’s stock worth $937,000 after buying an additional 1,849 shares in the last quarter. Bond & Devick Financial Network Inc. grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 21.6% in the 2nd quarter. Bond & Devick Financial Network Inc. now owns 11,803 shares of the company’s stock worth $559,000 after buying an additional 2,095 shares in the last quarter. Maseco LLP bought a new stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 2nd quarter worth about $599,000. Finally, Colton Groome Financial Advisors LLC raised its position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 9.5% during the 2nd quarter. Colton Groome Financial Advisors LLC now owns 5,165 shares of the company’s stock valued at $245,000 after buying an additional 450 shares in the last quarter.

About SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

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.