SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sees Large Volume Increase – Should You Buy?

Shares of SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) saw unusually-high trading volume on Wednesday . Approximately 700,517 shares were traded during trading, an increase of 169% from the previous session’s volume of 260,466 shares.The stock last traded at $48.32 and had previously closed at $48.34.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The business’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $46.86. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

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

Several institutional investors have recently made changes to their positions in SPYX. Larson Financial Group LLC acquired a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the second quarter valued at approximately $30,000. Kennebec Savings Bank bought a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF in the third quarter worth $89,000. Urban Financial Advisory Corp acquired a new position in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at $164,000. Key Financial Inc bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at about $215,000. Finally, Sigma Planning Corp bought a new stake in shares of SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter valued at about $347,000.

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.