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

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,699 shares, a decline of 48.8% from the August 15th total of 13,092 shares. Based on an average daily trading volume, of 3,942 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF Price Performance

NYSEARCA EEMX traded down $0.28 during trading hours on Tuesday, hitting $51.92. 2,174 shares of the company’s stock traded hands, compared to its average volume of 15,237. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has a 52-week low of $40.68 and a 52-week high of $56.38. The company has a market capitalization of $176.53 million, a PE ratio of 14.51 and a beta of 0.74. The firm’s 50-day moving average is $52.03 and its 200-day moving average is $50.51.

Institutional Trading of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF

A hedge fund recently bought a new position in SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF stock. Sankala Group LLC purchased a new position in shares of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF (NYSEARCA:EEMX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,896 shares of the company’s stock, valued at approximately $209,000. Sankala Group LLC owned 0.23% of SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF as of its most recent SEC filing.

About SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF

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.