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 target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 22,842 shares, a growth of 290.3% from the February 26th total of 5,853 shares. Based on an average daily volume of 59,374 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

SPDR S&P 500 ESG ETF Stock Down 1.7%

EFIV traded down $1.07 during trading on Thursday, hitting $62.51. 230,856 shares of the stock were exchanged, compared to its average volume of 51,646. The firm has a market capitalization of $931.40 million, a P/E ratio of 24.61 and a beta of 1.01. The stock has a fifty day moving average price of $66.20 and a two-hundred day moving average price of $65.33. SPDR S&P 500 ESG ETF has a 1-year low of $46.17 and a 1-year high of $68.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EFIV. Goldman Sachs Group Inc. boosted its stake in shares of SPDR S&P 500 ESG ETF by 537.9% during the first quarter. Goldman Sachs Group Inc. now owns 56,242 shares of the company’s stock worth $3,009,000 after buying an additional 47,425 shares during the period. Jane Street Group LLC raised its stake in SPDR S&P 500 ESG ETF by 21.5% during the 1st quarter. Jane Street Group LLC now owns 21,471 shares of the company’s stock valued at $1,149,000 after acquiring an additional 3,795 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in SPDR S&P 500 ESG ETF by 193.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 458 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P 500 ESG ETF by 29.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,694 shares of the company’s stock valued at $216,000 after purchasing an additional 846 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in shares of SPDR S&P 500 ESG ETF by 3.5% in the second quarter. CreativeOne Wealth LLC now owns 5,235 shares of the company’s stock valued at $307,000 after purchasing an additional 177 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.