SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX – Get Free Report) was the target of a significant growth in short interest during 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. Based on an average daily volume of 249,518 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.
Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF
Large investors have recently modified their holdings of the stock. Optima Capital LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $31,000. First Financial Corp IN bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $32,000. Advisory Services Network LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth about $55,000. Palisade Asset Management LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth about $55,000. Finally, Oak Harbor Wealth Partners LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth about $56,000.
SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.6%
SPYX traded up $0.37 during trading hours on Thursday, hitting $61.81. 74,822 shares of the company’s stock were exchanged, compared to its average volume of 163,099. The stock’s 50-day moving average is $57.18 and its two-hundred day moving average is $56.51. SPDR S&P Fossil Fuel Reserves Free ETF has a 1-year low of $47.51 and a 1-year high of $61.85. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00.
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.
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