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

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw an uptick in trading volume on Friday . 266,598 shares changed hands during trading, an increase of 169% from the previous session’s volume of 99,110 shares.The stock last traded at $56.2390 and had previously closed at $56.01.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The firm has a fifty day simple moving average of $55.22 and a 200 day simple moving average of $52.55.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Tiff Advisory Services LLC bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at about $18,614,000. Partners Capital Investment Group LLP boosted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 39.9% during the 1st quarter. Partners Capital Investment Group LLP now owns 839,585 shares of the company’s stock valued at $38,411,000 after purchasing an additional 239,534 shares during the period. Xponance Inc. acquired a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at approximately $7,603,000. Spinnaker Trust grew its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 41.9% in the 3rd quarter. Spinnaker Trust now owns 424,171 shares of the company’s stock valued at $23,266,000 after buying an additional 125,227 shares during the last quarter. Finally, Crux Wealth Advisors bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter worth approximately $4,335,000.

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.