Short Interest in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Increases By 103.3%

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 38,950 shares, a growth of 103.3% from the February 26th total of 19,159 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 93,087 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 161,929 shares of the company’s stock valued at $9,099,000 after purchasing an additional 4,432 shares during the last quarter. Sankala Group LLC acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at about $395,000. Monetary Solutions Ltd bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at about $158,000. Axxcess Wealth Management LLC raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 9.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 50,913 shares of the company’s stock valued at $2,861,000 after acquiring an additional 4,346 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter worth approximately $22,103,000.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Down 1.8%

SPYX traded down $0.97 during trading on Friday, hitting $51.68. The company had a trading volume of 104,633 shares, compared to its average volume of 160,618. The firm’s 50-day moving average price is $55.66 and its 200 day moving average price is $55.63. The company has a market capitalization of $2.17 billion, a PE ratio of 26.26 and a beta of 1.00. SPDR S&P Fossil Fuel Reserves Free ETF has a one year low of $39.59 and a one year high of $57.34.

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.