Short Interest in SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) Grows By 290.3%

SPDR S&P 500 ESG ETF (NYSEARCA:EFIV) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 22,842 shares, an increase of 290.3% from the February 26th total of 5,853 shares. Based on an average daily trading volume, of 59,374 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

SPDR S&P 500 ESG ETF Price Performance

Shares of NYSEARCA:EFIV opened at $62.51 on Friday. The business’s 50-day moving average is $66.20 and its 200 day moving average is $65.33. SPDR S&P 500 ESG ETF has a 1 year low of $46.17 and a 1 year high of $68.11. The firm has a market capitalization of $931.40 million, a P/E ratio of 24.61 and a beta of 1.01.

Hedge Funds Weigh In On SPDR S&P 500 ESG ETF

Hedge funds have recently modified their holdings of the stock. Gilbert Capital Group Inc. acquired a new stake in SPDR S&P 500 ESG ETF in the 2nd quarter worth approximately $1,838,000. Baltimore Washington Financial Advisors Inc. increased its stake in SPDR S&P 500 ESG ETF by 2.4% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 389,065 shares of the company’s stock valued at $24,741,000 after purchasing an additional 9,242 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR S&P 500 ESG ETF by 175.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 55,930 shares of the company’s stock worth $3,275,000 after buying an additional 35,657 shares during the last quarter. Olde Wealth Management LLC purchased a new position in shares of SPDR S&P 500 ESG ETF in the third quarter worth $31,039,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P 500 ESG ETF by 122.1% during the third quarter. Envestnet Asset Management Inc. now owns 18,286 shares of the company’s stock worth $1,163,000 after buying an additional 10,051 shares during the period.

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.