SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Sees Significant Drop in Short Interest

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 7,125 shares, a decline of 65.5% from the May 31st total of 20,682 shares. Based on an average trading volume of 19,430 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Up 0.9%

Shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock traded up $0.47 on Monday, hitting $53.90. The stock had a trading volume of 37,849 shares, compared to its average volume of 23,432. The stock has a market cap of $506.66 million, a price-to-earnings ratio of 17.37 and a beta of 0.80. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a twelve month low of $45.82 and a twelve month high of $54.93. The business’s 50 day moving average is $53.30 and its two-hundred day moving average is $52.27.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% in the first quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock valued at $2,616,000 after acquiring an additional 942 shares during the period. JPMorgan Chase & Co. increased its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 17,640 shares of the company’s stock worth $835,000 after acquiring an additional 447 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock worth $79,000 after purchasing an additional 992 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 2nd quarter worth about $161,000. Finally, Jane Street Group LLC boosted its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 137.3% in the 2nd quarter. Jane Street Group LLC now owns 52,623 shares of the company’s stock valued at $2,492,000 after purchasing an additional 30,445 shares during the period.

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.