Short Interest in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Expands By 83.8%

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 27,222 shares, a growth of 83.8% from the July 30th total of 14,808 shares. Based on an average daily trading volume, of 55,111 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Windmill Hill Asset Management Ltd boosted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock worth $356,350,000 after buying an additional 409,450 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth approximately $22,103,000. Mariner LLC raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 162.1% during the fourth quarter. Mariner LLC now owns 231,043 shares of the company’s stock worth $12,982,000 after acquiring an additional 142,899 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth approximately $3,613,000. Finally, Bank of America Corp DE lifted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.5% in the 1st quarter. Bank of America Corp DE now owns 1,011,233 shares of the company’s stock worth $53,626,000 after acquiring an additional 61,516 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

SPDR S&P Fossil Fuel Reserves Free ETF stock traded down $0.13 during midday trading on Friday, hitting $63.13. 34,460 shares of the company’s stock were exchanged, compared to its average volume of 123,932. The company has a market cap of $2.83 billion, a P/E ratio of 26.26 and a beta of 1.00. The stock has a 50-day moving average price of $61.84 and a two-hundred day moving average price of $59.05. SPDR S&P Fossil Fuel Reserves Free ETF has a 52-week low of $51.28 and a 52-week high of $63.96.

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.