SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) Sees Significant Drop in Short Interest

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,827 shares, a drop of 58.8% from the May 14th total of 31,166 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 9,870 shares, the short-interest ratio is presently 1.3 days.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Price Performance

Shares of NYSEARCA:EEMX opened at $53.17 on Friday. The firm has a market capitalization of $180.78 million, a PE ratio of 14.51 and a beta of 0.73. The business has a 50 day simple moving average of $50.40 and a two-hundred day simple moving average of $46.67. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a 1 year low of $35.96 and a 1 year high of $55.66.

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

A number of large investors have recently bought and sold shares of the business. Sankala Group LLC purchased a new stake in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF in the fourth quarter worth $209,000. Bradley Foster & Sargent Inc. CT bought a new stake in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the fourth quarter worth $279,000. Finally, eCIO Inc. purchased a new stake in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the fourth quarter valued at $38,000.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Company Profile

The SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (EEMX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves. EEMX was launched on Oct 24, 2016 and is managed by State Street.