SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Short Interest Up 18.8% in February

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 10,100 shares, a growth of 18.8% from the February 13th total of 8,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NZAC. Jane Street Group LLC purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter valued at $409,000. Aptus Capital Advisors LLC purchased a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF during the 3rd quarter worth approximately $37,000. Jones Financial Companies Lllp increased its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 59.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,384 shares of the company’s stock valued at $159,000 after purchasing an additional 1,639 shares during the last quarter. PNC Financial Services Group Inc. raised its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 5.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 165,373 shares of the company’s stock valued at $6,001,000 after purchasing an additional 8,054 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 43,527 shares of the company’s stock worth $1,586,000 after purchasing an additional 11,251 shares in the last quarter.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

Shares of NASDAQ:NZAC traded down $0.30 during midday trading on Tuesday, reaching $35.82. 8,566 shares of the company’s stock traded hands, compared to its average volume of 10,323. The company has a fifty day simple moving average of $36.87 and a two-hundred day simple moving average of $36.95. The company has a market cap of $146.86 million, a P/E ratio of 23.81 and a beta of 0.94. SPDR MSCI ACWI Climate Paris Aligned ETF has a 1 year low of $31.90 and a 1 year high of $38.09.

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.