SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Time to Buy?

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) shares saw an uptick in trading volume on Wednesday . 280,533 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 111,366 shares.The stock last traded at $48.13 and had previously closed at $48.41.

SPDR S&P Fossil Fuel Reserves Free ETF Stock Performance

The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02. The firm has a 50-day simple moving average of $47.49 and a two-hundred day simple moving average of $45.52.

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

Several institutional investors have recently bought and sold shares of SPYX. CWM LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 10.6% during the second quarter. CWM LLC now owns 12,055 shares of the company’s stock worth $538,000 after buying an additional 1,157 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth about $206,000. Matrix Asset Advisors Inc. NY grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 21.5% during the third 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 in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth about $1,400,000. Finally, Gemmer Asset Management LLC grew its position in shares of SPDR S&P Fossil Fuel Reserves Free ETF by 8.6% during the second quarter. Gemmer Asset Management LLC now owns 346,049 shares of the company’s stock worth $15,434,000 after buying an additional 27,527 shares in the last quarter.

SPDR S&P Fossil Fuel Reserves Free ETF Company Profile

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.