SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 3,344 shares, a decline of 53.1% from the June 15th total of 7,125 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 38,180 shares, the days-to-cover ratio is currently 0.1 days.
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Performance
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF stock traded up $0.36 during trading on Wednesday, reaching $54.34. 7,013 shares of the company’s stock were exchanged, compared to its average volume of 23,917. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 52-week low of $45.82 and a 52-week high of $54.97. The firm has a market cap of $499.93 million, a price-to-earnings ratio of 17.37 and a beta of 0.80. The company’s 50-day moving average is $53.64 and its two-hundred day moving average is $52.60.
Institutional Investors Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Proffitt & Goodson Inc. raised its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.1% in the 4th quarter. Proffitt & Goodson Inc. now owns 20,565 shares of the company’s stock valued at $1,038,000 after purchasing an additional 217 shares in the last quarter. Boyd Wealth Management LLC grew its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 3.6% in the fourth quarter. Boyd Wealth Management LLC now owns 8,309 shares of the company’s stock worth $419,000 after purchasing an additional 292 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 7.9% in the fourth quarter. Wealthfront Advisers LLC now owns 4,387 shares of the company’s stock valued at $221,000 after buying an additional 322 shares during the last quarter. Marquette Associates Inc. increased its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.5% in the fourth quarter. Marquette Associates Inc. now owns 22,731 shares of the company’s stock valued at $1,147,000 after buying an additional 340 shares during the last quarter. Finally, Stonehearth Capital Management LLC raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 4.7% during the fourth quarter. Stonehearth Capital Management LLC now owns 8,808 shares of the company’s stock valued at $445,000 after buying an additional 394 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.
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