SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Short Interest Down 62.4% in April

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 9,859 shares, a drop of 62.4% from the April 15th total of 26,188 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,536 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NZAC. Susquehanna International Group LLP purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the third quarter valued at $2,195,000. Larch Capital Partners LLC purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the fourth quarter valued at $1,007,000. PNC Financial Services Group Inc. raised its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 8.4% during the third quarter. PNC Financial Services Group Inc. now owns 193,999 shares of the company’s stock valued at $8,224,000 after buying an additional 14,975 shares during the last quarter. Jones Financial Companies Lllp raised its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 201.4% during the first quarter. Jones Financial Companies Lllp now owns 13,212 shares of the company’s stock valued at $467,000 after buying an additional 8,828 shares during the last quarter. Finally, LPL Financial LLC raised its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 54,989 shares of the company’s stock valued at $2,358,000 after buying an additional 8,204 shares during the last quarter.

SPDR MSCI ACWI Climate Paris Aligned ETF Trading Down 1.5%

NASDAQ:NZAC traded down $0.70 during trading hours on Friday, reaching $45.39. 1,740 shares of the company traded hands, compared to its average volume of 12,358. The business’s 50-day moving average price is $42.91 and its two-hundred day moving average price is $42.97. The stock has a market capitalization of $190.64 million, a P/E ratio of 23.74 and a beta of 0.95. SPDR MSCI ACWI Climate Paris Aligned ETF has a 1 year low of $37.31 and a 1 year high of $46.09.

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.