Short Interest in SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Rises By 304.0%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,400 shares, a growth of 304.0% from the February 12th total of 2,327 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 29,545 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 29,545 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Down 0.2%

Shares of NASDAQ:NZAC traded down $0.09 during trading on Wednesday, reaching $42.12. The stock had a trading volume of 64,357 shares, compared to its average volume of 13,660. The stock has a fifty day simple moving average of $43.10 and a two-hundred day simple moving average of $42.66. The firm has a market capitalization of $176.90 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. SPDR MSCI ACWI Climate Paris Aligned ETF has a 52 week low of $31.41 and a 52 week high of $43.92.

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

Several large investors have recently made changes to their positions in NZAC. Raymond James Financial Inc. grew its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 29,997 shares of the company’s stock valued at $1,185,000 after buying an additional 422 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 57,941 shares of the company’s stock worth $2,456,000 after acquiring an additional 492 shares during the last quarter. Osaic Holdings Inc. increased its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% during the second quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock worth $131,000 after acquiring an additional 572 shares during the period. Farther Finance Advisors LLC bought a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF in the 4th quarter valued at $28,000. Finally, Royal Bank of Canada increased its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% during the 1st quarter. Royal Bank of Canada now owns 18,745 shares of the company’s stock worth $663,000 after purchasing an additional 710 shares during the period.

SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile

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.