Short Interest in SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Declines By 52.9%

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 19,159 shares, a drop of 52.9% from the February 12th total of 40,658 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 289,238 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 289,238 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of 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. Optima Capital LLC acquired a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the fourth quarter valued at approximately $31,000. First Financial Corp IN acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter worth approximately $32,000. Oak Harbor Wealth Partners LLC acquired a new position in SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter worth approximately $56,000. Advisory Services Network LLC bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter valued at $55,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter valued at $55,000.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

Shares of NYSEARCA SPYX traded down $0.90 during midday trading on Thursday, reaching $54.48. 63,769 shares of the company traded hands, compared to its average volume of 173,320. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00. The stock has a 50-day moving average price of $56.39 and a 200 day moving average price of $55.60. SPDR S&P Fossil Fuel Reserves Free ETF has a 52 week low of $39.59 and a 52 week 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.