SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Sees Significant Decline in Short Interest

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 13,818 shares, a decrease of 40.3% from the March 15th total of 23,151 shares. Based on an average daily volume of 29,899 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

SPDR MSCI EAFE StrategicFactors ETF Trading Up 0.3%

NYSEARCA:QEFA traded up $0.31 during mid-day trading on Tuesday, hitting $97.88. The company’s stock had a trading volume of 15,706 shares, compared to its average volume of 39,324. SPDR MSCI EAFE StrategicFactors ETF has a fifty-two week low of $77.95 and a fifty-two week high of $100.17. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.98 and a beta of 0.71. The stock has a fifty day moving average of $95.62 and a 200-day moving average of $92.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QEFA. Salem Investment Counselors Inc. acquired a new position in SPDR MSCI EAFE StrategicFactors ETF in the third quarter worth about $46,000. JPMorgan Chase & Co. raised its position in SPDR MSCI EAFE StrategicFactors ETF by 217.0% in the second quarter. JPMorgan Chase & Co. now owns 913 shares of the company’s stock worth $78,000 after purchasing an additional 625 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in SPDR MSCI EAFE StrategicFactors ETF by 22.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock worth $110,000 after purchasing an additional 226 shares in the last quarter. Raymond James Financial Inc. bought a new stake in SPDR MSCI EAFE StrategicFactors ETF during the second quarter worth about $119,000. Finally, Kestra Advisory Services LLC bought a new stake in SPDR MSCI EAFE StrategicFactors ETF during the fourth quarter worth about $164,000.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.