SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) Sees Large Increase in Short Interest

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMXGet Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 13,092 shares, an increase of 72.5% from the July 30th total of 7,589 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 18,804 shares, the days-to-cover ratio is presently 0.7 days.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Stock Performance

NYSEARCA:EEMX opened at $52.78 on Wednesday. The company has a market capitalization of $179.45 million, a P/E ratio of 14.51 and a beta of 0.74. The stock’s 50 day moving average price is $51.94 and its 200 day moving average price is $50.15. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a 52 week low of $38.66 and a 52 week high of $56.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF stock. Sankala Group LLC purchased a new stake in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMXFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,896 shares of the company’s stock, valued at approximately $209,000. Sankala Group LLC owned approximately 0.23% of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF at the end of the most recent quarter.

About SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF

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The SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (EEMX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves. EEMX was launched on Oct 24, 2016 and is managed by State Street.

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