SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 9,885 shares, a growth of 47.9% from the March 15th total of 6,684 shares. Based on an average daily trading volume, of 14,836 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 3rd quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock worth $79,000 after acquiring an additional 992 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 4th quarter valued at $99,000. Sankala Group LLC bought a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 4th quarter valued at $140,000. Finally, Raymond James Financial Inc. acquired a new stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 2nd quarter valued at $161,000.
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Trading Up 1.1%
Shares of NYSEARCA EFAX traded up $0.56 during mid-day trading on Tuesday, hitting $53.50. The company had a trading volume of 7,616 shares, compared to its average volume of 22,912. The firm has a 50-day simple moving average of $51.90 and a two-hundred day simple moving average of $50.85. The company has a market capitalization of $502.90 million, a PE ratio of 17.37 and a beta of 0.82. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a one year low of $42.29 and a one year high of $54.87.
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Company Profile
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.
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