Short Interest in SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Drops By 43.8%

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 16,700 shares, a drop of 43.8% from the November 30th total of 29,700 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 1.1 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

Shares of NZAC stock opened at $37.08 on Friday. The firm has a market capitalization of $137.20 million, a price-to-earnings ratio of 24.77 and a beta of 0.94. SPDR MSCI ACWI Climate Paris Aligned ETF has a one year low of $30.94 and a one year high of $38.09. The company has a 50 day moving average price of $37.26 and a 200 day moving average price of $36.23.

Institutional Investors Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 2.0% in the 2nd quarter. Truist Financial Corp now owns 38,394 shares of the company’s stock valued at $1,324,000 after purchasing an additional 747 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter valued at approximately $37,000. Concourse Financial Group Securities Inc. acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the third quarter valued at approximately $45,000. Monument Group Wealth Advisors LLC purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF during the second quarter worth approximately $201,000. Finally, CWC Advisors LLC. acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter worth $387,000.

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.