SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Sees Significant Drop in Short Interest

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 12,400 shares, a decline of 16.8% from the December 31st total of 14,900 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 0.8 days.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

Shares of NASDAQ:NZAC traded down $0.16 during mid-day trading on Friday, hitting $37.25. The stock had a trading volume of 6,521 shares, compared to its average volume of 8,701. The company’s 50 day moving average is $37.03 and its 200-day moving average is $36.55. SPDR MSCI ACWI Climate Paris Aligned ETF has a 12-month low of $31.70 and a 12-month high of $38.09. The company has a market cap of $152.74 million, a PE ratio of 24.77 and a beta of 0.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NZAC. Aptus Capital Advisors LLC acquired a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF during the 3rd quarter worth about $37,000. Concourse Financial Group Securities Inc. purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the third quarter valued at approximately $45,000. CWC Advisors LLC. acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 3rd quarter valued at approximately $387,000. Jane Street Group LLC purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF in the 3rd quarter worth approximately $409,000. Finally, Truist Financial Corp boosted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 2.0% during the 2nd quarter. Truist Financial Corp now owns 38,394 shares of the company’s stock valued at $1,324,000 after buying an additional 747 shares during the period.

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.