Short Interest in SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Drops By 40.3%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 7,400 shares, a decrease of 40.3% from the January 15th total of 12,400 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 0.4 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Up 0.4 %

Shares of NASDAQ:NZAC traded up $0.17 during trading on Thursday, hitting $37.59. 1,635 shares of the stock traded hands, compared to its average volume of 8,612. The company has a fifty day moving average price of $37.00 and a two-hundred day moving average price of $36.68. SPDR MSCI ACWI Climate Paris Aligned ETF has a 52-week low of $31.90 and a 52-week high of $38.09. The company has a market cap of $154.10 million, a price-to-earnings ratio of 24.77 and a beta of 0.94.

Institutional Trading of SPDR MSCI ACWI Climate Paris Aligned ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NZAC. Aptus Capital Advisors LLC acquired a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter worth about $37,000. Concourse Financial Group Securities Inc. acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 3rd quarter worth about $45,000. Jones Financial Companies Lllp boosted its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 59.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,384 shares of the company’s stock worth $159,000 after purchasing an additional 1,639 shares in the last quarter. Wells Fargo & Company MN grew its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 7.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,056 shares of the company’s stock valued at $220,000 after purchasing an additional 434 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the fourth quarter valued at approximately $249,000.

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.