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The SPDR S&P Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Fossil Fuel Free Index. The SPDR S&P Fossil Fuel Reserves Free ETF is designed to measure the performance of companies in the S&P 500 Index that are fossil fuel free , which are defined as companies that do not own fossil fuel reserves. For purposes of the composition of the Index, fossil fuel reserves are defined as economically and technically recoverable sources of crude oil, natural gas and thermal coal but do not include metallurgical or coking coal, which are used in connection with steel production. The Index is a subset of the S&P 500 Index (the Underlying Index ), which serves as the initial universe of eligible securities for the Index. In constructing the Index, the initial universe is screened in an effort to exclude companies with any ownership of fossil fuel reserves, including for third-party and in-house power generation, as determined by publicly available information, such as annual reports and other company publications.
SPDR S&P Fossil Fuel Reserves Free ETF trades on the ARCA stock market under the symbol SPYX.
As of March 28, 2024, SPYX stock price climbed to $42.80 with 50,435 million shares trading.
SPYX has a beta of 1.01, meaning it tends to be more sensitive to market movements. SPYX has a correlation of 1.00 to the broad based SPY ETF.
SPYX has a market cap of $1.73 billion. This is considered a Small Cap stock.
In the last 3 years, SPYX stock traded as high as $42.89 and as low as $28.18.
SPYX has outperformed the market in the last year with a price return of +34.3% while the SPY ETF gained +33.6%. SPYX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.2% and +1.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SPYX support price is $42.51 and resistance is $43.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPYX stock will trade within this expected range on the day.