SP Funds Dow Jones Global Sukuk ETF (NYSEARCA:SPSK – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 339,374 shares, an increase of 3,081.2% from the December 15th total of 10,668 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 198,042 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 198,042 shares, the short-interest ratio is presently 1.7 days. Currently, 1.4% of the company’s shares are short sold.
SP Funds Dow Jones Global Sukuk ETF Trading Down 0.2%
Shares of SPSK stock traded down $0.04 on Monday, hitting $18.24. The company had a trading volume of 272,703 shares, compared to its average volume of 261,935. SP Funds Dow Jones Global Sukuk ETF has a twelve month low of $17.54 and a twelve month high of $18.71. The stock’s 50-day moving average is $18.50 and its two-hundred day moving average is $18.45.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SPSK. Farther Finance Advisors LLC boosted its stake in shares of SP Funds Dow Jones Global Sukuk ETF by 11.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,268 shares of the company’s stock valued at $707,000 after purchasing an additional 4,080 shares during the last quarter. Heartwood Wealth Advisors LLC lifted its holdings in SP Funds Dow Jones Global Sukuk ETF by 5.9% in the third quarter. Heartwood Wealth Advisors LLC now owns 16,242 shares of the company’s stock valued at $300,000 after buying an additional 903 shares during the period. Finally, Strategic Blueprint LLC boosted its position in SP Funds Dow Jones Global Sukuk ETF by 7.7% during the third quarter. Strategic Blueprint LLC now owns 11,663 shares of the company’s stock valued at $216,000 after acquiring an additional 837 shares during the last quarter.
About SP Funds Dow Jones Global Sukuk ETF
The SP Funds Dow Jones Global Sukuk ETF (SPSK) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated global investment-grade sukuk of various maturities and weighted by market value. SPSK was launched on Dec 30, 2019 and is managed by SP Funds.
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