SPDR S&P 500 ESG ETF (NYSEARCA:EFIV – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 32,022 shares, a decrease of 38.2% from the June 15th total of 51,807 shares. Based on an average daily trading volume, of 21,165 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.2% of the company’s shares are sold short.
SPDR S&P 500 ESG ETF Price Performance
Shares of EFIV opened at $72.45 on Friday. The firm has a 50-day simple moving average of $72.22 and a two-hundred day simple moving average of $68.51. The stock has a market cap of $1.09 billion, a PE ratio of 24.61 and a beta of 1.00. SPDR S&P 500 ESG ETF has a 1-year low of $58.99 and a 1-year high of $73.74.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Affiance Financial LLC raised its holdings in shares of SPDR S&P 500 ESG ETF by 1.6% in the 2nd quarter. Affiance Financial LLC now owns 45,299 shares of the company’s stock valued at $3,304,000 after buying an additional 705 shares during the period. Gradient Investments LLC boosted its stake in shares of SPDR S&P 500 ESG ETF by 3.8% in the second quarter. Gradient Investments LLC now owns 58,090 shares of the company’s stock valued at $4,236,000 after purchasing an additional 2,129 shares during the period. Sincerus Advisory LLC purchased a new stake in SPDR S&P 500 ESG ETF during the 2nd quarter worth approximately $203,000. Western Wealth Management LLC purchased a new position in SPDR S&P 500 ESG ETF in the 1st quarter valued at approximately $118,000. Finally, NewEdge Advisors LLC grew its stake in shares of SPDR S&P 500 ESG ETF by 13.5% in the first quarter. NewEdge Advisors LLC now owns 4,560 shares of the company’s stock worth $288,000 after acquiring an additional 544 shares in the last quarter.
SPDR S&P 500 ESG ETF Company Profile
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.
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