SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Short Interest Update

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 26,188 shares, a decline of 46.3% from the March 31st total of 48,777 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 7,657 shares, the days-to-cover ratio is currently 3.4 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

Shares of SPDR MSCI ACWI Climate Paris Aligned ETF stock traded down $0.33 on Tuesday, reaching $44.36. 8,604 shares of the company’s stock were exchanged, compared to its average volume of 13,789. The company has a market capitalization of $186.31 million, a P/E ratio of 23.74 and a beta of 0.94. SPDR MSCI ACWI Climate Paris Aligned ETF has a 52 week low of $35.16 and a 52 week high of $45.02. The firm’s 50-day moving average is $42.35 and its two-hundred day moving average is $42.74.

Institutional Investors Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 8.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 193,999 shares of the company’s stock valued at $8,224,000 after purchasing an additional 14,975 shares during the period. Jane Street Group LLC acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the second quarter worth $274,000. LPL Financial LLC lifted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 54,989 shares of the company’s stock valued at $2,358,000 after buying an additional 8,204 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.0% during the second quarter. Bank of America Corp DE now owns 57,449 shares of the company’s stock valued at $2,269,000 after buying an additional 568 shares during the last quarter. Finally, UBS Group AG increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 9.1% during the third quarter. UBS Group AG now owns 19,911 shares of the company’s stock worth $844,000 after acquiring an additional 1,661 shares in the last quarter.

About SPDR MSCI ACWI Climate Paris Aligned ETF

The SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that is based on the MSCI ACWI Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. NZAC was launched on Nov 25, 2014 and is managed by State Street.