SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Here’s Why

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw strong trading volume on Tuesday . 191,527 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 100,384 shares.The stock last traded at $55.98 and had previously closed at $56.30.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Down 1.1%

The business’s 50-day simple moving average is $54.60 and its 200-day simple moving average is $51.37. The stock has a market cap of $2.46 billion, a PE ratio of 26.26 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth approximately $27,000. Farther Finance Advisors LLC raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 85.0% during the second quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $32,000 after purchasing an additional 288 shares during the last quarter. Hantz Financial Services Inc. bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth approximately $55,000. Root Financial Partners LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter worth approximately $101,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 14.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,879 shares of the company’s stock valued at $132,000 after acquiring an additional 372 shares during the period.

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.