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

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

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

Shares of SPYX stock traded down $0.25 on Monday, reaching $62.88. 40,669 shares of the company’s stock traded hands, compared to its average volume of 123,431. The company has a market capitalization of $2.81 billion, a P/E ratio of 26.26 and a beta of 1.00. SPDR S&P Fossil Fuel Reserves Free ETF has a 12-month low of $51.28 and a 12-month high of $63.96. The business’s 50 day moving average price is $61.88 and its two-hundred day moving average price is $59.11.

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

Several institutional investors and hedge funds have recently bought and sold shares of SPYX. Clear Harbor Asset Management LLC increased its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 27,825 shares of the company’s stock valued at $1,563,000 after buying an additional 180 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 1.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,585 shares of the company’s stock valued at $763,000 after buying an additional 214 shares during the period. Stifel Financial Corp boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.7% during the 4th quarter. Stifel Financial Corp now owns 12,945 shares of the company’s stock valued at $727,000 after buying an additional 335 shares during the period. Allworth Financial LP grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 32.8% during the 4th quarter. Allworth Financial LP now owns 2,201 shares of the company’s stock valued at $124,000 after acquiring an additional 544 shares in the last quarter. Finally, Flputnam Investment Management Co. grew its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.8% during the 4th quarter. Flputnam Investment Management Co. now owns 75,694 shares of the company’s stock valued at $4,253,000 after acquiring an additional 564 shares in the last quarter.

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.