SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) Short Interest Down 58.8% in May

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) was the target of a large drop in short interest in 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. Based on an average daily trading volume, of 9,870 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. eCIO Inc. bought a new position in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the fourth quarter valued at $38,000. Sankala Group LLC purchased a new position in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the 4th quarter worth about $209,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the 4th quarter worth about $279,000.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Stock Performance

Shares of NYSEARCA:EEMX opened at $53.17 on Friday. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a 12 month low of $35.96 and a 12 month high of $55.66. The company has a 50-day moving average price of $50.40 and a 200 day moving average price of $46.67. The company has a market cap of $180.78 million, a price-to-earnings ratio of 14.51 and a beta of 0.73.

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.