SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-high trading volume on Wednesday . Approximately 143,462 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 112,202 shares.The stock last traded at $45.68 and had previously closed at $45.62.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The stock’s 50 day simple moving average is $48.77 and its two-hundred day simple moving average is $48.10. The stock has a market capitalization of $1.98 billion, a PE ratio of 25.12 and a beta of 1.00.

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

A number of hedge funds have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the fourth quarter valued at $36,000. Steward Partners Investment Advisory LLC purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter worth about $85,000. Keystone Financial Group bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at about $94,000. Flagship Wealth Advisors LLC bought a new stake in SPDR S&P Fossil Fuel Reserves Free ETF in the 4th quarter valued at about $100,000. Finally, Urban Financial Advisory Corp purchased a new stake in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at about $164,000.

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.