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) saw strong trading volume on Wednesday . 280,533 shares changed hands during 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 Trading Up 0.6 %

The stock has a market capitalization of $1.98 billion, a PE ratio of 28.63 and a beta of 1.02. The company’s 50-day moving average is $47.49 and its 200 day moving average is $45.52.

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

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $29,000. Larson Financial Group LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $30,000. Rothschild Investment LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $86,000. Kennebec Savings Bank acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 3rd quarter worth approximately $89,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the 2nd quarter worth approximately $149,000.

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.