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

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw strong trading volume on Wednesday . 280,533 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 111,366 shares.The stock last traded at $48.13 and had previously closed at $48.41.

SPDR S&P Fossil Fuel Reserves Free ETF Trading Down 0.5 %

The business has a 50 day moving average of $47.38 and a 200-day moving average of $45.47. The stock has a market cap of $1.96 billion, a PE ratio of 28.63 and a beta of 1.02.

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

A number of hedge funds have recently made changes to their positions in SPYX. CWM LLC raised its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 10.6% during the 2nd quarter. CWM LLC now owns 12,055 shares of the company’s stock valued at $538,000 after acquiring an additional 1,157 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter valued at approximately $206,000. Matrix Asset Advisors Inc. NY boosted its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 21.5% in the third quarter. Matrix Asset Advisors Inc. NY now owns 11,784 shares of the company’s stock worth $557,000 after purchasing an additional 2,087 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the 2nd quarter valued at $1,400,000. Finally, Gemmer Asset Management LLC grew its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 8.6% in the second quarter. Gemmer Asset Management LLC now owns 346,049 shares of the company’s stock worth $15,434,000 after acquiring an additional 27,527 shares during the last quarter.

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.