SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Short Interest Down 61.3% in December

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 15,321 shares, a decrease of 61.3% from the November 30th total of 39,623 shares. Based on an average daily volume of 50,889 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 50,889 shares, the short-interest ratio is currently 0.3 days.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Up 0.1%

SPDR S&P Fossil Fuel Reserves Free ETF stock traded up $0.03 during mid-day trading on Friday, hitting $56.91. The company’s stock had a trading volume of 23,286 shares, compared to its average volume of 99,939. The stock has a market capitalization of $2.51 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 $39.59 and a twelve month high of $57.00. The stock’s fifty day moving average price is $55.83 and its two-hundred day moving average price is $53.63.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,426,657 shares of the company’s stock valued at $72,660,000 after purchasing an additional 4,260 shares during the period. Bank of America Corp DE raised its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 5.0% during the 3rd quarter. Bank of America Corp DE now owns 888,396 shares of the company’s stock worth $48,729,000 after buying an additional 42,236 shares during the period. PNC Financial Services Group Inc. lifted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 507,940 shares of the company’s stock valued at $27,861,000 after buying an additional 4,657 shares in the last quarter. Gemmer Asset Management LLC lifted its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 8.5% during the third quarter. Gemmer Asset Management LLC now owns 441,598 shares of the company’s stock valued at $24,222,000 after buying an additional 34,456 shares in the last quarter. Finally, Spinnaker Trust increased its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 41.9% in the third quarter. Spinnaker Trust now owns 424,171 shares of the company’s stock worth $23,266,000 after acquiring an additional 125,227 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.