SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Large Increase in Short Interest

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 72,529 shares, a growth of 76.1% from the December 31st total of 41,194 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 30,117 shares, the short-interest ratio is presently 2.4 days. Based on an average trading volume of 30,117 shares, the short-interest ratio is presently 2.4 days. Approximately 0.4% of the company’s shares are sold short.

SPDR S&P 500 ESG ETF Stock Down 0.4%

NYSEARCA:EFIV opened at $67.35 on Friday. SPDR S&P 500 ESG ETF has a 12-month low of $46.17 and a 12-month high of $67.79. The stock’s fifty day simple moving average is $66.41 and its 200-day simple moving average is $63.89. The firm has a market capitalization of $996.78 million, a P/E ratio of 24.61 and a beta of 1.01.

Hedge Funds Weigh In On SPDR S&P 500 ESG ETF

Several institutional investors have recently modified their holdings of the stock. Gilbert Capital Group Inc. acquired a new position in SPDR S&P 500 ESG ETF in the second quarter valued at about $1,838,000. Ethic Inc. acquired a new stake in SPDR S&P 500 ESG ETF during the 2nd quarter worth approximately $203,000. Baltimore Washington Financial Advisors Inc. lifted its stake in SPDR S&P 500 ESG ETF by 0.3% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 379,823 shares of the company’s stock valued at $22,239,000 after buying an additional 1,230 shares in the last quarter. Savvy Advisors Inc. bought a new position in SPDR S&P 500 ESG ETF in the second quarter valued at approximately $1,156,000. Finally, Good Life Advisors LLC boosted its holdings in shares of SPDR S&P 500 ESG ETF by 25.4% in the second quarter. Good Life Advisors LLC now owns 6,505 shares of the company’s stock valued at $381,000 after buying an additional 1,316 shares during the period.

About SPDR S&P 500 ESG ETF

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.