Short Interest in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Expands By 82.4%

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 40,658 shares, a growth of 82.4% from the January 29th total of 22,286 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 75,920 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 75,920 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Down 0.5%

Shares of SPYX stock traded down $0.27 during trading hours on Friday, reaching $56.21. The company’s stock had a trading volume of 132,674 shares, compared to its average volume of 192,363. The firm’s 50 day simple moving average is $56.58 and its 200-day simple moving average is $55.45. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. SPDR S&P Fossil Fuel Reserves Free ETF has a fifty-two week low of $39.59 and a fifty-two week high of $57.34.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Optima Capital LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth $31,000. First Financial Corp IN bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the 4th quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth $55,000. Advisory Services Network LLC acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter worth about $55,000. Finally, Palisade Asset Management LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter valued at about $55,000.

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.