Short Interest in SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) Drops By 79.9%

SPDR MSCI EAFE StrategicFactors ETF (NYSEARCA:QEFA) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 13,564 shares, a drop of 79.9% from the May 14th total of 67,401 shares. Based on an average daily trading volume, of 75,341 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR MSCI EAFE StrategicFactors ETF

Several institutional investors and hedge funds have recently bought and sold shares of QEFA. Cerity Partners LLC raised its position in shares of SPDR MSCI EAFE StrategicFactors ETF by 2.0% in the 4th quarter. Cerity Partners LLC now owns 8,487 shares of the company’s stock worth $770,000 after acquiring an additional 170 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 9,860 shares of the company’s stock valued at $920,000 after purchasing an additional 203 shares during the period. Assetmark Inc. lifted its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 5.9% in the 3rd quarter. Assetmark Inc. now owns 3,775 shares of the company’s stock valued at $332,000 after purchasing an additional 209 shares during the period. 1620 Investment Advisors Inc. lifted its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 0.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 42,631 shares of the company’s stock valued at $3,865,000 after purchasing an additional 210 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of SPDR MSCI EAFE StrategicFactors ETF by 22.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,217 shares of the company’s stock valued at $110,000 after purchasing an additional 226 shares during the period.

SPDR MSCI EAFE StrategicFactors ETF Trading Down 0.8%

NYSEARCA QEFA traded down $0.72 on Wednesday, hitting $94.35. The company’s stock had a trading volume of 20,461 shares, compared to its average volume of 41,006. SPDR MSCI EAFE StrategicFactors ETF has a 52-week low of $82.33 and a 52-week high of $100.17. The company’s 50-day simple moving average is $96.39 and its 200 day simple moving average is $94.26. The firm has a market cap of $1.05 billion, a P/E ratio of 15.98 and a beta of 0.68.

About SPDR MSCI EAFE StrategicFactors ETF

The SPDR MSCI EAFE StrategicFactors ETF (QEFA) is an exchange-traded fund that is based on the MSCI EAFE Factor Mix A-Series (USD) index. The fund tracks an index of securities from developed markets in Europe, Australia and the Far East. The index equal-weights 3 subindexes: value, minimum volatility and quality. QEFA was launched on Jun 4, 2014 and is managed by State Street.