SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Significant Growth in Short Interest

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the recipient of a significant growth in short interest in 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 249,518 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

A number of hedge funds have recently made changes to their positions in the stock. Windmill Hill Asset Management Ltd raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock valued at $356,350,000 after buying an additional 409,450 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at approximately $22,103,000. Tiff Advisory Services LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at approximately $18,614,000. Mariner LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 162.1% in the 4th quarter. Mariner LLC now owns 231,043 shares of the company’s stock valued at $12,982,000 after buying an additional 142,899 shares during the last quarter. Finally, Xponance Inc. bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 3rd quarter valued at approximately $7,603,000.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Up 0.6%

SPDR S&P Fossil Fuel Reserves Free ETF stock traded up $0.37 during trading hours on Thursday, reaching $61.81. 74,822 shares of the stock were exchanged, compared to its average volume of 163,099. The company has a market cap of $2.69 billion, a P/E ratio of 26.26 and a beta of 1.00. SPDR S&P Fossil Fuel Reserves Free ETF has a twelve month low of $47.51 and a twelve month high of $61.85. The stock has a 50 day moving average of $57.18 and a two-hundred day moving average of $56.51.

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.