Short Interest in SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Declines By 51.7%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,461 shares, a decline of 51.7% from the August 15th total of 7,163 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,751 shares, the short-interest ratio is presently 0.6 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Price Performance

Shares of NASDAQ NZAC traded down $0.13 during midday trading on Wednesday, hitting $45.97. 1,602 shares of the company’s stock were exchanged, compared to its average volume of 8,979. SPDR MSCI ACWI Climate Paris Aligned ETF has a twelve month low of $39.32 and a twelve month high of $47.56. The firm has a market cap of $184.34 million, a P/E ratio of 23.74 and a beta of 0.95. The stock’s 50 day moving average price is $46.45 and its 200-day moving average price is $44.92.

Hedge Funds Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 190,081 shares of the company’s stock worth $7,726,000 after acquiring an additional 2,164 shares during the period. Larch Capital Partners LLC bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the 4th quarter valued at $1,007,000. MRA Advisory Group bought a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the 2nd quarter valued at $180,000. Harbor Asset Planning Inc. increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1,456.5% during the 1st quarter. Harbor Asset Planning Inc. now owns 3,004 shares of the company’s stock valued at $122,000 after purchasing an additional 2,811 shares during the period. Finally, Harbour Investments Inc. bought a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the 4th quarter worth $117,000.

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. NZAC was launched on Nov 25, 2014 and is managed by State Street.