SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Decrease in Short Interest

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 21,159 shares, a decrease of 68.6% from the June 30th total of 67,287 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 65,070 shares, the short-interest ratio is currently 0.3 days.

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

A number of hedge funds have recently added to or reduced their stakes in SPYX. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 13.9% during the second quarter. JPMorgan Chase & Co. now owns 26,971 shares of the company’s stock valued at $1,374,000 after acquiring an additional 3,282 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.5% in the second quarter. Sei Investments Co. now owns 138,231 shares of the company’s stock valued at $7,040,000 after purchasing an additional 3,340 shares during the period. Raymond James Financial Inc. grew its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 7.1% in the second quarter. Raymond James Financial Inc. now owns 32,878 shares of the company’s stock worth $1,674,000 after purchasing an additional 2,182 shares in the last quarter. Jane Street Group LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter worth approximately $561,000. Finally, Ameriprise Financial Inc. increased its holdings in SPDR S&P Fossil Fuel Reserves Free ETF by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 185,338 shares of the company’s stock worth $9,441,000 after purchasing an additional 13,810 shares during the period.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

SPYX stock opened at $60.57 on Friday. SPDR S&P Fossil Fuel Reserves Free ETF has a 12 month low of $50.97 and a 12 month high of $62.23. The firm’s 50-day moving average is $61.06 and its 200 day moving average is $58.02. The company has a market capitalization of $2.71 billion, a PE ratio of 26.26 and a beta of 1.01.

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.