SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) Short Interest Update

SP Funds S&P 500 Sharia Industry Exclusions ETF (NYSEARCA:SPUS) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 87,396 shares, a decrease of 40.5% from the December 31st total of 146,897 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 429,531 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 429,531 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPUS. Farther Finance Advisors LLC grew its position in SP Funds S&P 500 Sharia Industry Exclusions ETF by 14.1% during the fourth quarter. Farther Finance Advisors LLC now owns 115,189 shares of the company’s stock valued at $5,883,000 after acquiring an additional 14,261 shares during the period. Marshall Wace LLP acquired a new position in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF in the 2nd quarter valued at about $1,674,000. Jaffetilchin Investment Partners LLC lifted its stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF by 20.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 15,969 shares of the company’s stock valued at $816,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of SP Funds S&P 500 Sharia Industry Exclusions ETF during the 2nd quarter worth about $207,000.

SP Funds S&P 500 Sharia Industry Exclusions ETF Price Performance

SPUS stock traded down $0.21 on Friday, hitting $51.46. 583,801 shares of the company were exchanged, compared to its average volume of 512,799. SP Funds S&P 500 Sharia Industry Exclusions ETF has a twelve month low of $33.32 and a twelve month high of $52.43. The business’s fifty day moving average is $51.32 and its two-hundred day moving average is $49.41. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 30.44 and a beta of 1.04.

SP Funds S&P 500 Sharia Industry Exclusions ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.026 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 0.6%. This is a boost from SP Funds S&P 500 Sharia Industry Exclusions ETF’s previous monthly dividend of $0.02.

About SP Funds S&P 500 Sharia Industry Exclusions ETF

The SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is an exchange-traded fund that is based on the S&P 500 Shariah Industry Exclusions index. The fund tracks a market-cap weighted index of S&P 500 stocks that are Sharia-compliant. SPUS was launched on Dec 18, 2019 and is managed by SP Funds.