SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Stock Short Interest Rises 502.6%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 12,630 shares, a growth of 502.6% from the September 15th total of 2,096 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 10,003 shares, the short-interest ratio is currently 1.3 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Trading Up 0.7%

Shares of NZAC traded up $0.30 during mid-day trading on Friday, reaching $46.90. 4,314 shares of the stock traded hands, compared to its average volume of 8,980. The company has a market cap of $196.96 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. SPDR MSCI ACWI Climate Paris Aligned ETF has a 1 year low of $39.32 and a 1 year high of $47.56. The firm has a fifty day moving average price of $46.88 and a 200 day moving average price of $45.51.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NZAC. JNBA Financial Advisors purchased a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the 2nd quarter valued at about $33,000. PNC Financial Services Group Inc. grew its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 190,081 shares of the company’s stock worth $7,726,000 after purchasing an additional 2,164 shares in the last quarter. Harbor Asset Planning Inc. grew its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1,456.5% during the first quarter. Harbor Asset Planning Inc. now owns 3,004 shares of the company’s stock worth $122,000 after purchasing an additional 2,811 shares in the last quarter. MRA Advisory Group bought a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter worth approximately $180,000. Finally, Envestnet Asset Management Inc. increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 62,003 shares of the company’s stock worth $2,847,000 after purchasing an additional 9,772 shares during the last quarter.

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.