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

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,699 shares, a decline of 48.8% from the August 15th total of 13,092 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,942 shares, the days-to-cover ratio is currently 1.7 days.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Stock Performance

Shares of NYSEARCA EEMX traded down $0.28 during midday trading on Tuesday, reaching $51.92. 2,174 shares of the stock were exchanged, compared to its average volume of 15,237. The company has a 50 day simple moving average of $52.03 and a 200 day simple moving average of $50.51. The stock has a market capitalization of $176.53 million, a P/E ratio of 14.51 and a beta of 0.74. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a twelve month low of $40.68 and a twelve month high of $56.38.

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

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

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Company Profile

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.