SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Short Interest Update
by Tristan Rich · The Markets DailySPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 28,741 shares, a growth of 265.9% from the December 31st total of 7,855 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 22,061 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 22,061 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are short sold.
Institutional Trading of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Betterment LLC boosted its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 2.2% during the 3rd quarter. Betterment LLC now owns 1,406,903 shares of the company’s stock worth $69,374,000 after acquiring an additional 30,476 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 16.3% in the fourth quarter. Gemmer Asset Management LLC now owns 661,907 shares of the company’s stock valued at $33,404,000 after acquiring an additional 93,000 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 9.0% in the third quarter. Flputnam Investment Management Co. now owns 301,758 shares of the company’s stock valued at $14,881,000 after purchasing an additional 24,983 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 9.1% during the 3rd quarter. Bank of America Corp DE now owns 237,294 shares of the company’s stock worth $11,702,000 after acquiring an additional 19,841 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. boosted its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.7% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 215,627 shares of the company’s stock worth $10,212,000 after purchasing an additional 3,616 shares during the period.
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Price Performance
Shares of NYSEARCA EFAX traded down $0.44 during mid-day trading on Friday, reaching $52.57. 14,586 shares of the company’s stock traded hands, compared to its average volume of 24,134. The business has a 50-day simple moving average of $50.66 and a 200 day simple moving average of $49.42. The stock has a market cap of $494.16 million, a P/E ratio of 17.37 and a beta of 0.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 1-year low of $38.08 and a 1-year high of $53.55.
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.