SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) Sees Large Drop in Short Interest

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,125 shares, a decrease of 65.5% from the May 31st total of 20,682 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 19,430 shares, the short-interest ratio is currently 0.4 days.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Down 0.7%

NYSEARCA:EFAX traded down $0.36 during mid-day trading on Friday, reaching $53.43. 8,269 shares of the company were exchanged, compared to its average volume of 23,314. The stock has a market cap of $502.24 million, a PE ratio of 17.37 and a beta of 0.80. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 12 month low of $45.82 and a 12 month high of $54.93. The company has a fifty day moving average of $53.29 and a 200 day moving average of $52.21.

Institutional Investors Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock worth $2,616,000 after purchasing an additional 942 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 17,640 shares of the company’s stock valued at $835,000 after buying an additional 447 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock valued at $79,000 after acquiring an additional 992 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 2nd quarter valued at $161,000. Finally, Jane Street Group LLC lifted its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 137.3% in the 2nd quarter. Jane Street Group LLC now owns 52,623 shares of the company’s stock valued at $2,492,000 after purchasing an additional 30,445 shares during the period.

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.