Short Interest in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Expands By 82.4%

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 40,658 shares, a growth of 82.4% from the January 29th total of 22,286 shares. Based on an average trading volume of 75,920 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 75,920 shares, the days-to-cover ratio is currently 0.5 days.

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

Several hedge funds have recently bought and sold shares of the stock. Windmill Hill Asset Management Ltd raised its holdings in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 6.9% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 6,341,875 shares of the company’s stock worth $356,350,000 after acquiring an additional 409,450 shares during the last quarter. Betterment LLC raised its stake in SPDR S&P Fossil Fuel Reserves Free ETF by 0.3% in the 4th quarter. Betterment LLC now owns 1,940,078 shares of the company’s stock valued at $109,013,000 after purchasing an additional 5,794 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 42,236 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 522,214 shares of the company’s stock worth $29,343,000 after purchasing an additional 14,274 shares during the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

Shares of NYSEARCA SPYX opened at $56.21 on Monday. The firm’s 50-day moving average is $56.58 and its two-hundred day moving average is $55.47. The company has a market capitalization of $2.36 billion, a PE ratio of 26.26 and a beta of 1.00. SPDR S&P Fossil Fuel Reserves Free ETF has a 12-month low of $39.59 and a 12-month 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.