SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Short Interest Up 373.8% in March

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 48,777 shares, a growth of 373.8% from the March 15th total of 10,295 shares. Based on an average trading volume of 23,477 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.2% of the company’s stock are sold short.

SPDR MSCI ACWI Climate Paris Aligned ETF Trading Up 0.0%

NASDAQ NZAC opened at $42.62 on Monday. The company has a market capitalization of $174.74 million, a PE ratio of 23.74 and a beta of 0.94. The firm’s fifty day simple moving average is $42.08 and its 200-day simple moving average is $42.60. SPDR MSCI ACWI Climate Paris Aligned ETF has a 1-year low of $33.34 and a 1-year high of $43.92.

Institutional Trading of SPDR MSCI ACWI Climate Paris Aligned ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NZAC. Farther Finance Advisors LLC acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the fourth quarter valued at approximately $28,000. Harbour Investments Inc. acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the fourth quarter valued at approximately $117,000. Kestra Advisory Services LLC acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the fourth quarter valued at approximately $129,000. Osaic Holdings Inc. increased its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% in the second quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock valued at $131,000 after purchasing an additional 572 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter valued at approximately $201,000.

About SPDR MSCI ACWI Climate Paris Aligned ETF

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.