SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Stock Short Interest Report for October

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,132 shares, a decline of 83.1% from the September 30th total of 12,630 shares. Based on an average daily volume of 4,355 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NZAC. PNC Financial Services Group Inc. raised its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 190,081 shares of the company’s stock valued at $7,726,000 after acquiring an additional 2,164 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 62,003 shares of the company’s stock worth $2,847,000 after acquiring an additional 9,772 shares during the period. MRA Advisory Group bought a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter worth about $180,000. Finally, JNBA Financial Advisors bought a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter worth about $33,000.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

Shares of NASDAQ NZAC traded up $0.30 during midday trading on Tuesday, reaching $46.41. The stock had a trading volume of 1,826 shares, compared to its average volume of 8,587. The company has a market capitalization of $194.90 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. SPDR MSCI ACWI Climate Paris Aligned ETF has a 12-month low of $39.32 and a 12-month high of $47.56. The stock has a 50-day moving average of $46.73 and a 200-day moving average of $44.84.

SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile

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.