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

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw strong trading volume on Wednesday . 700,517 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 260,466 shares.The stock last traded at $48.32 and had previously closed at $48.34.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The company’s fifty day moving average price is $48.86 and its 200 day moving average price is $46.88. The firm has a market capitalization of $1.94 billion, a price-to-earnings 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 and other institutional investors have recently made changes to their positions in SPYX. Stifel Financial Corp raised its position in SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% during the third quarter. Stifel Financial Corp now owns 54,702 shares of the company’s stock worth $2,585,000 after acquiring an additional 499 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 21.5% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 11,784 shares of the company’s stock worth $557,000 after buying an additional 2,087 shares during the period. FMR LLC grew its position in SPDR S&P Fossil Fuel Reserves Free ETF by 5.9% in the 3rd quarter. FMR LLC now owns 12,870 shares of the company’s stock valued at $608,000 after purchasing an additional 714 shares during the period. Citizens Financial Group Inc. RI bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter valued at $1,400,000. Finally, CWM LLC increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 26.3% in the 3rd quarter. CWM LLC now owns 15,225 shares of the company’s stock worth $719,000 after acquiring an additional 3,170 shares during 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.