SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Short Interest Up 609.9% in May

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 75,918 shares, a growth of 609.9% from the April 30th total of 10,694 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 249,518 shares, the days-to-cover ratio is presently 0.3 days.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.3%

Shares of NYSEARCA:SPYX traded up $0.16 during mid-day trading on Friday, reaching $61.97. The stock had a trading volume of 142,418 shares, compared to its average volume of 163,054. The firm has a 50 day simple moving average of $57.48 and a two-hundred day simple moving average of $56.60. SPDR S&P Fossil Fuel Reserves Free ETF has a twelve month low of $47.51 and a twelve month high of $62.12. The firm has a market cap of $2.70 billion, a PE ratio of 26.26 and a beta of 1.00.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clear Harbor Asset Management LLC boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 0.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 27,825 shares of the company’s stock valued at $1,563,000 after purchasing an additional 180 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,585 shares of the company’s stock worth $763,000 after purchasing an additional 214 shares during the period. Stifel Financial Corp increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.7% during the fourth quarter. Stifel Financial Corp now owns 12,945 shares of the company’s stock worth $727,000 after purchasing an additional 335 shares during the period. North Berkeley Wealth Management LLC raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 4.8% in the third quarter. North Berkeley Wealth Management LLC now owns 7,436 shares of the company’s stock valued at $408,000 after buying an additional 338 shares in the last quarter. Finally, Rockingstone Advisors LLC raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 10.4% in the fourth quarter. Rockingstone Advisors LLC now owns 4,725 shares of the company’s stock valued at $265,000 after buying an additional 445 shares in the last quarter.

About SPDR S&P Fossil Fuel Reserves Free ETF

The SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an exchange-traded fund that is based on the S&P 500 Fossil Fuel Free index. The fund follows an S&P 500- based index excluding companies with known fossil fuel reserves. SPYX was launched on Nov 30, 2015 and is managed by State Street.