SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) Short Interest Up 240.2% in January

SP Funds S&P World (ex-US) ETF (NYSEARCA:SPWO) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 22,903 shares, a growth of 240.2% from the January 15th total of 6,733 shares. Based on an average trading volume of 62,009 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 62,009 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On SP Funds S&P World (ex-US) ETF

A number of hedge funds have recently made changes to their positions in SPWO. Pacific Center for Financial Services bought a new position in shares of SP Funds S&P World (ex-US) ETF during the 2nd quarter valued at $38,000. Farther Finance Advisors LLC purchased a new stake in SP Funds S&P World (ex-US) ETF during the fourth quarter valued at about $52,000. CWM LLC grew its stake in shares of SP Funds S&P World (ex-US) ETF by 278.2% during the third quarter. CWM LLC now owns 5,129 shares of the company’s stock valued at $137,000 after buying an additional 3,773 shares during the last quarter. Strengthening Families & Communities LLC increased its holdings in shares of SP Funds S&P World (ex-US) ETF by 243.6% in the fourth quarter. Strengthening Families & Communities LLC now owns 6,955 shares of the company’s stock worth $190,000 after buying an additional 4,931 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of SP Funds S&P World (ex-US) ETF in the 3rd quarter valued at about $278,000.

SP Funds S&P World (ex-US) ETF Price Performance

NYSEARCA SPWO traded up $0.48 during trading hours on Wednesday, reaching $30.92. 65,304 shares of the stock traded hands, compared to its average volume of 62,676. The stock has a 50 day simple moving average of $28.28 and a two-hundred day simple moving average of $26.84. SP Funds S&P World has a 1 year low of $19.15 and a 1 year high of $31.34. The company has a market cap of $117.50 million, a price-to-earnings ratio of 21.74 and a beta of 0.67.

SP Funds S&P World (ex-US) ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 23rd were paid a $0.0255 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a c) annualized dividend and a yield of 1.0%.

SP Funds S&P World (ex-US) ETF Company Profile

The SP Funds S&P World (ex-US) ETF (SPWO) is an exchange-traded fund that is based on the S&P DM Ex-U.S. & EM 50/50 Shariah index. The fund tracks an index of 500 Sharia-compliant companies from developed and emerging markets outside the US. Holdings are modified market cap-weighted SPWO was launched on Dec 19, 2023 and is issued by SP Funds.