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 large growth in short interest in August. As of August 14th, there was short interest totaling 9,814 shares, a growth of 154.1% from the July 30th total of 3,863 shares. Based on an average daily trading volume, of 28,263 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

A number of institutional investors have recently added to or reduced their stakes in EFAX. Royal Bank of Canada boosted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 1.6% during the 1st quarter. Royal Bank of Canada now owns 60,897 shares of the company’s stock valued at $2,616,000 after purchasing an additional 942 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,640 shares of the company’s stock worth $835,000 after buying an additional 447 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 148.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,662 shares of the company’s stock valued at $79,000 after buying an additional 992 shares during the period. Raymond James Financial Inc. bought a new position in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF during the second quarter valued at about $161,000. Finally, Jane Street Group LLC boosted its stake in SPDR MSCI EAFE Fossil Fuel Reserves Free ETF by 137.3% during the second quarter. Jane Street Group LLC now owns 52,623 shares of the company’s stock valued at $2,492,000 after buying an additional 30,445 shares in the last quarter.

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Stock Performance

Shares of NYSEARCA:EFAX traded down $0.09 during trading on Friday, reaching $55.76. The company had a trading volume of 6,487 shares, compared to its average volume of 22,264. The firm’s fifty day moving average is $54.73 and its 200 day moving average is $53.31. The firm has a market capitalization of $512.99 million, a PE ratio of 17.37 and a beta of 0.80. SPDR MSCI EAFE Fossil Fuel Reserves Free ETF has a twelve month low of $47.49 and a twelve month high of $56.51.

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.