Short Interest in SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Declines By 62.4%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 9,859 shares, a drop of 62.4% from the April 15th total of 26,188 shares. Based on an average trading volume of 7,536 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 8.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 193,999 shares of the company’s stock valued at $8,224,000 after purchasing an additional 14,975 shares during the period. Osaic Holdings Inc. increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock valued at $131,000 after purchasing an additional 572 shares during the period. Jane Street Group LLC acquired a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF during the 2nd quarter valued at $274,000. Bank of America Corp DE increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 57,941 shares of the company’s stock valued at $2,456,000 after purchasing an additional 492 shares during the period. Finally, LPL Financial LLC increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 54,989 shares of the company’s stock valued at $2,358,000 after purchasing an additional 8,204 shares during the period.

SPDR MSCI ACWI Climate Paris Aligned ETF Trading Down 1.5%

NZAC traded down $0.70 during trading hours on Friday, hitting $45.39. The company’s stock had a trading volume of 1,740 shares, compared to its average volume of 12,358. SPDR MSCI ACWI Climate Paris Aligned ETF has a fifty-two week low of $37.31 and a fifty-two week high of $46.09. The firm has a market capitalization of $190.64 million, a PE ratio of 23.74 and a beta of 0.95. The company has a 50-day simple moving average of $42.91 and a 200 day simple moving average of $42.97.

About SPDR MSCI ACWI Climate Paris Aligned ETF

The SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that is based on the MSCI ACWI Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. NZAC was launched on Nov 25, 2014 and is managed by State Street.