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

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMXGet Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,827 shares, a decline 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 presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Trading Up 0.4%

Shares of NYSEARCA:EEMX traded up $0.20 on Friday, hitting $53.37. 1,604 shares of the company were exchanged, compared to its average volume of 20,538. 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. The stock’s 50 day moving average price is $50.58 and its 200 day moving average price is $46.75. The firm has a market capitalization of $181.46 million, a P/E ratio of 14.51 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bradley Foster & Sargent Inc. CT purchased a new position in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF during the fourth quarter worth $279,000. Sankala Group LLC purchased a new position in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF in the fourth quarter valued at $209,000. Finally, eCIO Inc. purchased a new position in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF in the fourth quarter valued at $38,000.

About SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF

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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.

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