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

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,684 shares, an increase of 52.3% from the February 26th total of 4,389 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,350 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Windmill Hill Asset Management Ltd bought a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the 4th quarter worth approximately $11,503,000. Tiff Advisory Services LLC bought a new stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF in the 3rd quarter valued at $7,125,000. Susquehanna International Group LLP increased its position in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1,518.7% during the third quarter. Susquehanna International Group LLP now owns 144,034 shares of the company’s stock worth $7,103,000 after buying an additional 135,136 shares during the period. Gemmer Asset Management LLC raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 26.8% during the third quarter. Gemmer Asset Management LLC now owns 568,907 shares of the company’s stock worth $28,055,000 after buying an additional 120,415 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 70.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 166,460 shares of the company’s stock worth $8,401,000 after buying an additional 68,900 shares during the last quarter.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Price Performance

Shares of EFAX opened at $48.03 on Monday. The business has a 50-day moving average of $52.22 and a 200-day moving average of $50.71. The company has a market capitalization of $451.48 million, a price-to-earnings ratio of 17.37 and a beta of 0.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 1 year low of $38.08 and a 1 year high of $54.87.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Company Profile

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.