SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Sees Significant Growth in Short Interest

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 12,630 shares, an increase of 502.6% from the September 15th total of 2,096 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 10,003 shares, the days-to-cover ratio is presently 1.3 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Up 0.7%

Shares of NZAC traded up $0.30 during midday trading on Friday, hitting $46.90. The company’s stock had a trading volume of 4,314 shares, compared to its average volume of 8,980. SPDR MSCI ACWI Climate Paris Aligned ETF has a one year low of $39.32 and a one year high of $47.56. The stock has a market capitalization of $196.96 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. The company’s fifty day simple moving average is $46.88 and its two-hundred day simple moving average is $45.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. JNBA Financial Advisors bought a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter worth about $33,000. Harbor Asset Planning Inc. increased its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 1,456.5% during the 1st quarter. Harbor Asset Planning Inc. now owns 3,004 shares of the company’s stock worth $122,000 after purchasing an additional 2,811 shares in the last quarter. MRA Advisory Group bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 2nd quarter valued at approximately $180,000. Larch Capital Partners LLC bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 4th quarter valued at approximately $1,007,000. Finally, Envestnet Asset Management Inc. boosted its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 62,003 shares of the company’s stock valued at $2,847,000 after buying an additional 9,772 shares in the last quarter.

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.