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

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (NYSEARCA:EFAX) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,724 shares, an increase of 173.9% from the January 29th total of 2,455 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 21,030 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 21,030 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Down 0.2%

EFAX traded down $0.11 during trading on Friday, reaching $54.68. The company had a trading volume of 8,664 shares, compared to its average volume of 21,297. The business has a 50 day simple moving average of $52.59 and a 200-day simple moving average of $50.42. The stock has a market cap of $513.99 million, a P/E ratio of 17.37 and a beta of 0.85. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a 52 week low of $38.08 and a 52 week high of $54.87.

Hedge Funds Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% in the 1st quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock worth $2,616,000 after purchasing an additional 942 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 37.3% during the second quarter. Bridgewater Advisors Inc. now owns 9,374 shares of the company’s stock valued at $441,000 after buying an additional 2,546 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.7% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 215,627 shares of the company’s stock worth $10,212,000 after buying an additional 3,616 shares during the period. Bailard Inc. raised its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 10.8% in the second quarter. Bailard Inc. now owns 166,888 shares of the company’s stock worth $7,904,000 after buying an additional 16,270 shares during the period. Finally, Good Life Advisors LLC lifted its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 74.9% during the 2nd quarter. Good Life Advisors LLC now owns 12,905 shares of the company’s stock worth $611,000 after acquiring an additional 5,525 shares during the last quarter.

About SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

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.