SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Sees Significant Growth in Short Interest

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 52,200 shares, an increase of 49.6% from the May 15th total of 34,900 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 225,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of SPDR S&P 500 ESG ETF

Several hedge funds have recently added to or reduced their stakes in EFIV. Human Investing LLC bought a new position in shares of SPDR S&P 500 ESG ETF during the 4th quarter valued at approximately $39,000. Geneos Wealth Management Inc. lifted its stake in SPDR S&P 500 ESG ETF by 193.2% in the first quarter. Geneos Wealth Management Inc. now owns 695 shares of the company’s stock valued at $37,000 after purchasing an additional 458 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in SPDR S&P 500 ESG ETF during the fourth quarter valued at $46,000. JPMorgan Chase & Co. increased its position in SPDR S&P 500 ESG ETF by 100.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,041 shares of the company’s stock worth $59,000 after buying an additional 7,439,083 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its position in SPDR S&P 500 ESG ETF by 60.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,315 shares of the company’s stock worth $74,000 after buying an additional 496 shares during the last quarter.

SPDR S&P 500 ESG ETF Price Performance

NYSEARCA EFIV opened at $56.55 on Wednesday. The business’s fifty day moving average is $54.05 and its 200-day moving average is $55.40. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 24.94 and a beta of 1.02. SPDR S&P 500 ESG ETF has a one year low of $46.17 and a one year high of $58.93.

About SPDR S&P 500 ESG ETF

The SPDR S&P 500 ESG ETF (EFIV) is an exchange-traded fund that is based on the S&P 500 ESG index. The fund tracks a market-cap weighted index of S&P 500 stocks that are screened for sustainability criteria related to ESG factors. EFIV was launched on Jul 27, 2020 and is managed by State Street.