SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Decline in Short Interest

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 21,159 shares, a decrease of 68.6% from the June 30th total of 67,287 shares. Based on an average daily trading volume, of 65,070 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.5%

NYSEARCA SPYX traded up $0.28 during trading on Tuesday, reaching $60.93. The company’s stock had a trading volume of 33,081 shares, compared to its average volume of 133,821. The stock has a market capitalization of $2.73 billion, a PE ratio of 26.26 and a beta of 1.01. The business has a 50-day moving average price of $61.06 and a 200-day moving average price of $58.06. SPDR S&P Fossil Fuel Reserves Free ETF has a 1-year low of $50.97 and a 1-year high of $62.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Optima Capital LLC bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter worth $31,000. Oak Harbor Wealth Partners LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth about $56,000. Advisory Services Network LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth about $55,000. Palisade Asset Management LLC acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter valued at about $55,000. Finally, Private Trust Co. NA increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 162.4% during the 4th quarter. Private Trust Co. NA now owns 1,236 shares of the company’s stock valued at $69,000 after acquiring an additional 765 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Company Profile

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.